Category: Politics & Money

Sens. Klobuchar, Kaine reintroduce bill to create housing policy plans, boost supply

Democratic Sens. Amy Klobuchar (Minn.) and Tim Kaine (Va.) have reintroduced their Housing Supply and Affordability Act to the U.S. Senate in the hope of establishing a new grant program… Read more »

Federal Reserve makes emergency rate cut amid coronavirus fears

The Federal Reserve unexpectedly cut its benchmark rate by half a percentage point in an effort to bolster the economy and calm coronavirus fears. “The coronavirus poses evolving risks to… Read more »

Federal Reserve ready to maintain rate, minutes show

Federal Reserve officials used to worry that if the U.S. unemployment rate dropped below 5% it would spark inflation, which would lead to higher borrowing costs, including mortgage rates. Now,… Read more »