Dueling Fed Officials Argue Over Rate Cuts

Sep 04, 2019

The leadership ranks of the Federal Reserve displayed a rare view of the internal tumult that is shaping the debate on whether the central bank should cut rates again.

St. Louis Fed President James Bullard called for a rate cut of half-a-percentage point. In an interview with Reuters, he insisted the Fed needs to stay ahead of financial market expectations for a cut and the unrest created by the state of the global economy.

“We are too high,” Bullard said, adding that the Fed’s target policy rate of between two percent and 2.25 percent was higher than the current yield of all U.S. Treasury securities.

However, Boston Fed President Eric Rosengren–who was one of two dissenters in the July meeting of the central bank’s Federal Open Market Committee that resulted in a rate cut–used a speech before educators and students in Easton, Mass., to insist there was no need for using rate cuts as a tool to offset perceived economic risks.

“As long as we are growing around two percent, I don’t see nearly as much of a need for taking immediate policy action,” he said.

The central bank meets Sept. 17-18 to decide whether to cut rates again or maintain the current rate environment.

About the author

Phil Hall

Link copied

Published

Sep 04, 2019

Tech

MeridianLink Buys Credit Mountain To Turn Loan Declines Into Future Business

The acquired technology keeps rejected applicants connected to their lender while they work toward eligibility, creating a potential pipeline of mortgage-ready borrowers

A borrower who cannot qualify today may still represent future business. MeridianLink is buying technology designed to keep that prospect connected to the lender instead of allowing a loan denial to end the relationship.The lending technology provider announced Monday that i...

Analysis and Data

Lower-Payment Mortgage Applications Nearly Match Median Rent

Principal-and-interest payments reached $1,522 for lower-payment purchase applicants in June, just $9 below the national median asking rent

Prospective homebuyers received modest affordability relief in June, but a closer look at the numbers shows how difficult the monthly payment conversation remains for loan originators.The national median principal-and-interest payment sought by purchase applicants fell to $2...

Sep

Dallas, TX

More from

Regulation and Compliance

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place

Regulation and Compliance

Jul 31, 2026

Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3

Regulation and Compliance

Jul 24, 2026

TRUE Releases AI Governance Guide Ahead Of Fannie Mae Deadline

Guide focuses on tracing mortgage data from borrower documents through AI validation, human review, and final LOS entry

Regulation and Compliance

Jul 22, 2026

AD Mortgage Warns Condo Eligibility Changes Could Restrict Conventional Financing

Wholesale lender cites internal loan data to urge regulators to monitor whether new condominium eligibility standards reduce access to conventional financing

Regulation and Compliance

Jul 20, 2026

CHLA Says Direct Payments Are Key To Small FHA Loans

The lender group says mortgages below $100,000 routinely lose money, while LO compensation rules could prevent federal incentives from reaching originators

Regulation and Compliance

Jul 17, 2026

Solidifi Clears FHA Certification For UAD 3.6 Integration

The appraisal management company says it is the first to complete certification for FHA’s modernized EAD platform, giving lender clients an early path toward implementation

Regulation and Compliance

Jul 16, 2026

Popular