Skip to main content

Trump: Fed is “Our Most Difficult Problem”

Phil Hall
Jul 08, 2019
Federal Reserve Chairmain Jerome Powell warns that without added government aid, there could be "lasting damage,"

President Trump took to Twitter again to criticize the impact of the Federal Reserve on the U.S. economy.
 
In a two-part July 5 tweet, the President observed: “Strong jobs report, low inflation, and other countries around the world doing anything possible to take advantage of the United States, knowing that our Federal Reserve doesn’t have a clue! They raised rates too soon, too often, & tightened, while others did just the opposite.... As well as we are doing from the day after the great Election, when the Market shot right up, it could have been even better - massive additional wealth would have been created, & used very well. Our most difficult problem is not our competitors, it is the Federal Reserve!”
 
President Trump’s tweets come ahead of this week’s appearance on Capitol Hill by Federal Reserve Chairman Jerome Powell, who testifies before the House Financial Services Committee Wednesday and at the Senate Banking Committee Thursday. Powell has insisted that Federal Reserve policy is not influenced by the President’s repeated demands for the central bank to lower rates, although many financial policy observers are predicting a rate cut will occur later this year.

 
The New URLA – What’s the Big Deal?

Lenders will need to update their technology stack to comply with the redesigned URLA.

Regulation and Compliance
Jun 14, 2021
Texas State Legislators Looks To Protect Reverse Mortgage Borrowers

A Texas House Bill has been introduced to prevent false, misleading or deceptive advertising by reverse mortgage lenders.

Reverse
Jun 02, 2021
Could Prudential Standards for Nonbank Mortgage Servicers be Eased?

From The Desk Of The “Om-Bobs-Man”

Regulation and Compliance
May 31, 2021
Get Ready to Duck and Cover

After years of hands-off attitude by regulators, a new wave of mortgage enforcement is building. Expect a tsunami.

Regulation and Compliance
May 13, 2021