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federal reserve

Trump's Fed chair nominee to face Senate confirmation hearing next week

Trump's Fed chair nominee to face Senate confirmation hearing next week

US President Donald Trump's choice for central bank chair is set to face a confirmation hearing next Tuesday, in a nomination some have criticized as an attempt to take over the Federal Reserve. The Senate Banking Committee released the April 21 date on Tuesday, after weeks of delays

Trump admin wants new Fed chair in place 'as soon as possible'

Trump admin wants new Fed chair in place 'as soon as possible'

The Trump administration wants Kevin Warsh in place as the new US central bank chair "as soon as possible," with the existing Fed chief's term coming soon to an end, Treasury Secretary Scott Bessent said Tuesday. Warsh, a former Federal Reserve official, is President Donald Trump&

Mortgage Rates Move Lower as Economic Outlook Worsens

Mortgage Rates Move Lower as Economic Outlook Worsens

Mortgage interest rates improved slightly this week, though that's not much comfort given the state of the world. In truth, it's actually a sign of how negative the economic outlook's becoming. The average rate on a 30-year fixed-rate mortgage fell to 6.

US registers strong job growth in boost to Trump

US registers strong job growth in boost to Trump

The US economy posted unexpectedly strong job gains in March, data showed Friday, in a development hailed by US President Donald Trump -- but seen with caution by analysts. The world's largest economy gained 178,000 jobs in March, after losing 133,000 in February, and the unemployment rate

Weekly Mortgage Rates Flat; Jobs Report Is Surprisingly Strong

Weekly Mortgage Rates Flat; Jobs Report Is Surprisingly Strong

Weekly mortgage rates stayed largely flat, breaking a six-week streak of increases. Rates remain stubbornly elevated compared to where they were at the beginning of 2026. On a day-to-day basis, the average 30-year rate has been flirting with 6.5% APR. If it does reach that

Looser Banking Rules Could Mean Cheaper Loans For You. What Could Go Wrong?

Looser Banking Rules Could Mean Cheaper Loans For You. What Could Go Wrong?

There’s a constant tightrope act at the center of the financial system. When loans get cheaper and easier to access, the financial system is taking on more risk somewhere. That tradeoff is at the center of three new rules proposed by financial regulators that would let banks hold less

April Mortgage Outlook: It’s Not Good

April Mortgage Outlook: It’s Not Good

March was a tough month on many fronts, and that includes mortgage rates. At the end of February we saw the lowest 30-year averages since September 2022. A mere four weeks later, average rates are about 40 basis points higher — that's almost half a percentage point (a