Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday’s 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by the president.
Source: Inman News
Fed signals it’s just getting started with 1/4 percentage point rate cut
Published in economy, federal reserve, housing shortage, housing supply, interest rates, Jerome Powell, Markets & Economy, mba, Mike Fratantoni, Mortgage, mortgage bankers association, mortgage rates, Optimal Blue, Pantheon Macroeconomics, quantitative easing, quantitative tightening, refinancing, Samuel Tombs, soft landing and Stephen Miran
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