Trump Vs The Fed: A Public Service Announcement

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Posted To: Mortgage Rate Watch

Mortgage rates did nothing interesting today, as is typical for the days before and after a major holiday. Tangentially related and significantly more interesting is the President’s criticism of the Fed and Fed Chair Powell. I think this is very much worth discussing around the holiday table (not politics, but rather, fiscal and monetary policy’s effect on interest rates). Before I continue, I’d like to go on the record as being devoutly politically agnostic. Everything I’ve written for the past 12 years here is on record, unedited. Feel free to browse back through the pages of history. You’ll find no evidence of political bias. The same will be true of the following. I’m strictly commenting on the realities of fiscal and monetary policy. I don’t care who’s in office, but I care about what…(read more)

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