Consumer strength should obviate the need for further rate cuts.
More so-called shadow banks are involved in the origination and servicing of home loans, especially riskier ones.
“How in God’s name do you feel like a victim?” the former Goldman partner said in a message to his rich friends.
The former Treasury secretary said it would be better to raise estate taxes and eliminate carried interest.
Economic authorities have reacted with restraint to signs of spreading weakness worldwide.
Sen. Elizabeth Warren's tax proposals would lead to a 62% effective tax rate on wealth taxpayers.
Jerome Powell repeatedly insisted that any planned securities purchases would not be a resumption of quantitative easing.
In a break from past White House practice, President Trump has repeatedly and publicly attacked Powell and the Fed.
A geopolitical shock elsewhere in the world could lead to a U.S. recession.
The Fed chairman spoke after the release of a mixed jobs report.
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