Stephen Miran, chair of Trump's Council of Economic Advisors, nominated to open Fed governor role. How fast can he be confirmed and how long could he serve?
Economy
Trump approves The Late Show sign for Powell’s new Fed building. Just joking, but admit it: "The Late Show" is a better Trump nickname for Powell than "Too Late."
Is the Fed succeeding at it's dual mandate of low prices and low unemployment? Besset says the Fed should be examined to make sure.
Tariffs pose both inflation and recession risks, complicating Fed cut (dovish) or hike (hawkisk) decisions. Minneapolis Fed president Neel Kashkari skews on side of hawkish pause.
Tariffs increase builder costs by $9200 per home. At today's newly-built home price of $414,500 with 5% down, a household must make $119k/yr to qualify.
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