Above, Lisa Cook President Donald Trump’s attempted firing of Federal Reserve Governor Lisa Cook appears to have hit a roadblock. The case was heard before the Supreme Court Wednesday and media reports indicate, based on the oral arguments and questions posed by the justices, the Court seems unlikely to allow the firing to proceed. The…
President Donald Trump’s speech at the World Economic Forum in Davos Wednesday largely focused on diplomatic tensions, but he also turned at points to the U.S. economy—including his new plans to rein in institutional investors in the single-family home market. “In recent years, Wall Street giants and institutional investment firms, many of you are here,…
President Donald Trump has floated several controversial ideas to help make housing affordable again. But his latest pitch—allowing Americans to tap 401(k) plans and 529 education savings accounts without penalties to fund their down payments—could have lasting financial consequences even if it helps with some upfront homeownership costs. According to a report from Politico, the…
In a post on Truth Social Jan. 8, President Donald Trump announced he is directing his representatives to purchase $200 billion in mortgage bonds in an effort to reduce mortgage rates and monthly payments for American homebuyers. The move marks the administration’s latest attempt—its second this week—to address housing affordability concerns that have dominated voter…
In a post on Truth Social, President Donald Trump claimed the American Dream of homeownership is slipping out of people’s reach, “especially younger Americans.” “It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress…