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The Rate Update — No He Didn’t: Powell STAYS at the Fed — What Happens to Mortgage Rates Now?
Fed Governor Powell Does NOT Step Down — What Next for the Fed, Mortgage Rates, Homebuyers & Homeowners?No he didn’t.Jerome Powell is stepping down as Federal Reserve chairman — but he is not leaving the Federal Reserve.In this video, I break down Powell’s rare decision to remain on the Federal Reserve Board of Governors after his chair term ends, why this matters for Fed independence, what it could mean for the next Fed chair, and how the bond market may react.And most importantly — what does this mean for mortgage rates, homebuyers, homeowners, and anyone waiting for rates to finally move…
The skinny
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