Fed, DOJ and interest rate
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There's another Federal Reserve meeting on the calendar this month, but will mortgage rates fall once it's over?
Federal Reserve governor Christopher Waller, who is on President Donald Trump’s shortlist to become the next Fed chair, said inflation is going to soften in the coming months, and that there is room for substantial rate cuts.
Waller says policy remains 50–100 bps above “neutral,” allowing further cuts. Labor market is “softening,” but Waller favors a gradual rate-cut pace. Stance contrasts with Powell, who sees policy near neutral already. Waller says Treasury bill ...
At their December 9-10 meeting, Fed officials agreed to cut their key interest rate by a quarter point for the third time this year, to about 3.6%, the lowest in nearly three years.
Officials at the central bank have splintered over whether rising unemployment or elevated inflation poses the bigger economic risk.
Federal Reserve governor Christopher Waller is signaling that the long fight against inflation may finally be turning a corner, and that relief on borrowing costs could follow sooner than markets once feared. He is telling investors and households to watch ...