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Finance

Mortgage rates fell, then rose. What comes next?
The New York Times

Mortgage rates fell, then rose. What comes next?

Lu Liu of the Wharton School says that current housing market distortions might become even more entrenched or persist longer than people had initially thought.

Fed’s Powell says Trump can’t fire him
Politico.com

Fed’s Powell says Trump can’t fire him

Christina Parajon Skinner of the Wharton School says that a presidential removal of the vice chair of the Federal Reserve wouldn’t necessarily be an affront to central bank independence.

What a reelected Trump can and can’t do to sway the Fed
Bloomberg

What a reelected Trump can and can’t do to sway the Fed

Peter Conti-Brown of the Wharton School says that whether a president can remove the Federal Reserve chair is ambiguous because the law doesn’t explicitly provide “for cause” protection for the role.