“It’s likely going to be just as difficult to buy next year as it is this year,” Redfin’s top economist warns, with steep prices and mortgage rates keeping young buyers on the sidelines.
I wonder at what point Powell decides he should raise rates. Trump has already been publicly stating he wants them lowered faster and how he also wants to fire Powell but it’s not clear if he will be (legally) able to.
Last I saw there was a court case making it’s way up the courts to overturn a legal precedent regarding the executives power to oust members of independent boards so it’s technically possible he will be able to legally oust Powell and install a lackey if the supreme court decides to throw out existing precedent. I think you’re right and both global markets and the dollar will reel if that happens. The fed is supposed to be independent and that obviously is not the case if Trump can fire anyone who doesn’t do whatever he asks.
The supreme court seemed to grow a spine on the Kilmar case so maybe they’ll continue to have one when this case makes its way up.
I wonder at what point Powell decides he should raise rates. Trump has already been publicly stating he wants them lowered faster and how he also wants to fire Powell but it’s not clear if he will be (legally) able to.
Last I saw there was a court case making it’s way up the courts to overturn a legal precedent regarding the executives power to oust members of independent boards so it’s technically possible he will be able to legally oust Powell and install a lackey if the supreme court decides to throw out existing precedent. I think you’re right and both global markets and the dollar will reel if that happens. The fed is supposed to be independent and that obviously is not the case if Trump can fire anyone who doesn’t do whatever he asks.
The supreme court seemed to grow a spine on the Kilmar case so maybe they’ll continue to have one when this case makes its way up.