I
nternal dissent at the Federal Reserve continues, with Governor Christopher Waller reiterating his call for a July rate cut. He insists that his position is not driven by politics, but rather economic data. Meanwhile, President Donald Trump has extended the deadline for steep trade levies and introduced new tariffs on Canadian goods.
Key points:
* Fed Governor Christopher Waller advocates for a July rate cut, citing restrictive monetary policy.
* The Federal Reserve's chair, Jerome Powell, is reportedly considering leaving his post, but has repeatedly stated that he intends to complete his term.
* The FHFA announced a credit score policy change for Fannie Mae and Freddie Mac, which will accept VantageScore 4.0 credit scores.
* HUD terminated policies designed to eliminate bias in the home appraisal process, introduced during the Biden administration.
The Federal Reserve's next meeting is expected to be closely watched, with some officials pushing for a rate cut. However, others have expressed concerns about inflationary impacts from tariffs. The outcome remains uncertain, and market participants will be watching closely for any developments.
