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The outspoken regulatory chief of the Consumer Financial Protection Bureau also said proposed Community Reinvestment Act reform isn’t likely to draw banks back to Federal Housing Administration lending.

Signs of deteriorating liquidity in U.S. Treasuries, such as measures of market depth and bid-ask spreads, are “more or less in line with the increase in volatility in markets,” New York Fed President John Williams said Monday.

Calls for “reform” in times of high liquidity ignore the scalability of the system, and the need to have it around in times of trouble.

The Senate voted 80-19 Thursday to confirm Powell to the top spot on the Federal Reserve Board of Governors. He joins Philip Jefferson, who was confirmed by the Senate to serve on the board Wednesday night, and Lisa Cook, who was confirmed Tuesday night.

But growing worries about a possible recession may also end up playing a role in their direction over the coming weeks.

The Consumer Financial Protection Bureau is hiring more enforcement attorneys, building out its capacity for data collection related to fair-lending exams.

Intercontinental Exchange Inc. is tapping the investment-grade market with a bond sale in as many as six parts to help finance its acquisition of the fintech.

The vote was 51-50 in favor, with Vice President Kamala Harris breaking a tie as opposition by Republicans continued.

Lorie Logan manages the Fed’s System Open Market Account and played key roles in the central bank’s crisis responses in 2020 and 2008. She replaces Robert Kaplan, who resigned amid a stock trading scandal last fall.

A 5% surge in purchase applications drove up overall activity, while average loan amounts also increased across all categories.