Politics

In a speech, Federal Reserve Gov. Adriana Kugler said sound monetary policy comes when electoral politics are kept out of central banking.

The incoming Trump administration is expected to prioritize an activities-based oversight approach to nonbank entities, just as the Biden administration has. It may also leave its designation power intact, but unused.

The Federal Open Market Committee is expected to lower short-term financing costs in the wake of volatility that has put upward pressure on mortgage rates.

Experts anticipate a pullback in regulatory action and some potential pain for home builders but long-term interest rate impacts are a major question mark.

President Trump initiated changes at the Consumer Financial Protection Bureau in his first term, and the industry's frustration with the bureau has grown since he left office. But how far a second Trump administration can or will go depends on factors outside the president's control.

Experts anticipate that Trump's victory and expected shifts in regulatory leadership will delay finalizing Biden-era capital rules for large banks, with new officials likely favoring a less stringent Basel III framework and softer capital requirements.

Yields on both 10-year and 2-year Treasurys moved significantly higher after the Trump election victory and that's bad news for mortgage rates going forward.

Trump's return to the White House is reviving the prospect of preferred stockholders getting some money back after the U.S. took control of the agencies during the 2008 financial crisis to keep the housing market from collapsing.

President Trump is likely to sign the revisions to Executive Order 12866, which will compel all federal agencies to "report up" to the White House and the Office of Management & Budget on initiatives that are not specifically authorized by Congress, writes the Chairman of Whalen Global Advisors.

An index of bank stocks rose 8.5% early Wednesday after Donald Trump won his bid to return to the White House.