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Fed cuts were supposed to lower mortgage rates, but they're back above 7%. Here's why
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability ...
Bessent Gives a Full-Throated Defense of Trump’s Aggressive Economic Strategy in Senate Hearing
Treasury secretary nominee Scott Bessent defended President-elect Donald Trump’s economic strategy in a Senate hearing today.
What champion wrestler Anthony Robles wants viewers to know about his 'Unstoppable' biopic
Born with only one leg, the wrestler won the 2011 NCAA individual wrestling national championship in the 125-pound weight ...
Economists keen to hear Bessent's views on Fed independence
Economists are very interested in Bessent's views on Federal Reserve independence. Before the election, Bessent floated the idea of a "shadow Fed chair" where Trump would select a replacement for Fed ...
Why are interest rates rising when the Fed has been cutting them?
The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S ...
No, Jerome Powell Isn’t Playing Politics
The past quarter’s economic data showed that the inflation battle is not over; whether the Fed eases now depends on the data, ...
Mises Institute12h
Price Inflation Rose Again in December, Climbing to a Ten-Month High
This contradicts months of claims from Jerome Powell who has insisted that price inflation was rapidly returning to the Fed's ...