Op-Ed: Here’s the danger in Fed jawboning about the US mortgage market

Federal Reserve Governor Jerome Powell did it today. Alan Greenspan did it when he was Chairman. Jawboning about Fannie Mae and Freddie Mac. As the Federal Reserve begins to raise short term rates, longer term rates have remained stubbornly low. The yield curve (the...

Fed’s Yellen to deliver second day of testimony on July 13

Federal Reserve Chair Janet Yellen will deliver a second day of testimony on the U.S. central bank’s semiannual report on monetary policy and the economy on July 13, a Senate committee announced on Thursday. Yellen will testify at 10 a.m. (1400 GMT), the Senate...