Powell’s Exit COULD TRIGGER a 2025 Housing Collapse
Is it really possible for the independent Federal Reserve, which is in charge of monetary policy in the United States, to be pushed into lowering interest rates?
If so, if Fed Chair Powell is fired from his position, would it change any of the monetary policy today?
Did you know there’s 12 voting members on the Federal Open Market Committee (FOMC)?
Would firing the Fed Chair change the opinion of the other 11 voting members?
Keep in mind, at the last Fed Meeting, 7 of the 12 members said they do not see a fed rate cut this year.
Secondly, even if the FOMC cuts short term overnight borrowing rates, will that cause long-term rates to go lower or higher? Is it possible that firing Powell and reducing overnight borrowing rates for banks would actually cause mortgage rates to rise?
This and MORE explored here.
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