This is Bill Puly, Trump's director of the Federal Housing Finance Agency or FHFA. Now, if you don't know what the FHFA is, and you probably do, but if you don't know, don't worry, you're not alone. It was created in the wake of the 2008 housing crisis to help regulate the mortgage market.It's a very important regulatory agency and is supposed to be focused on big picture stuff like making sure the home mortgage industry doesn't collapse again given the impact that could have on millions and millions of Ame ...

NBC News White House correspondent Yamish Elsyner joins me now along with NBC News business and data correspondent Brian Shan. Glad to have both of you here. Yamich, let me begin with you. Lisa Cook says she has no intention of leaving the Fed. What comes next in what looks like a standoff. >> What comes next, Kelly, is a legal battle. Lisa Cook has made it very clear that she's not walking away and her attorney says that she believes that he believes that the president doesn't have the authority to fire he ...

Interest Rate & Fed Policy - Potential changes in the Federal Reserve leadership, including the possibility of Lisa Cook being replaced, could influence the market's perception of interest rate policies [1] - The market anticipates that President Trump will appoint someone who favors lower interest rates when Powell's term ends next year [2] - The yield curve is steepening due to expectations of short-term rate cuts, which ironically could increase inflationary pressure in the long run [3] - The focus is on whether inflation is under control, given that governments globally have significant debt and desire lower yields to reduce debt servicing costs [8] - Rate cutting cycles have historically been negative for the equity market, with major corrections or bear markets occurring in six out of the last eight instances [9][10] Inflation & Bond Market - Despite pressure to lower rates, inflation may persist and could become a long-term issue [4] - The gap between the 2-year and 30-year Treasury yields has widened to its largest in several years [4] - If rate cuts stimulate inflation, long-term yields are expected to rise [7] - The bond market may challenge the Fed's policies by selling off, leading to higher yields [13] Global Economic Context - The trend of focusing on inflation being not under control and governments having massive debt piles is happening globally [8] - The Bank of England cut rates, but now they have inflation at an 18-month high, and bond yields have been rising [11] - There is a good chance that a rate-cutting cycle could be initiated because things are breaking down globally [12]

We can't breach fraud in America. And you surely can't have it for your leaders. I mean, imagine anyone in the cabinet who did this.You guys would be calling for their head. This woman should go away if she's committed the mortgage fraud. And those signatures sure as heck look like hers.Irony is >> Mhm. dead. >> Yeah.Dead. like bring the flowers, put it on the grave. I mean, really.>> Yes. And this is this concept of mortgage fraud is what the they have done for Leticia James, the Attorney General of New Yo ...

Fed's Barkin said his forecast is for a modest adjustment in interest rates given what he expects will be little variation in economic activity over the remainder of the year. https://t.co/2smmxeJOv3 ...

The Dow off by 60 points. And welcome back to Money Movers on CNBC. President Trump moving to fire Federal Reserve Governor Lisa Cook.It's his latest threat against Fed independence. Joining us now, former Fed Governor Frederick Mishkin and former acting chairman of the Council of Economic Adviserss Toamas Phillips. Gentlemen, good to see you today.The chief economist for New Century Adviserss, Claudia S, uh sent out a pretty attention getting post on X. She says, if we could pull this, pull this up now. Do ...

Manufacturing & Supply Chain - Ethan Allen manufactures approximately 45% of its products in the US and 75% in North America [1][4] - The company also has manufacturing operations in Mexico and Honduras [1][3] - Ethan Allen's Mexican manufacturing benefits from the USMCA trade agreement, potentially shielding it from tariffs faced by competitors [1] - Maintaining a consistent level of quality across all manufacturing locations, including Mexico and Honduras, is crucial [6] Business Strategy & Brand - Ethan Allen has repositioned its business over the past 20-25 years, reducing the number of manufacturing plants, distribution centers, and retail service centers [2][3] - The company emphasizes its brand promise of classic American furniture and its US-based heritage [4] - Ethan Allen focuses on providing the right products, service, and quality, which are considered more important than just price [5] Market & Economic Factors - Consumer concern over economic conditions and interest rates is acknowledged as a potential impact on the business [7][8][9] - Ethan Allen's strong interior design network and customer relationships help to mitigate the impact of economic concerns [8]

If the president wants lower interest rates, he should stop trying to force the Fed's hand (via @opinion) https://t.co/PGQJGnpf4Q ...

President Trump has said he would fire Fed Governor Lisa Cook for alleged mortgage fraud. The announcement comes as the president seeks to ramp up his pressure on the US central bank to cut interest rates https://t.co/uHB22YmAs5 ...

Federal Reserve Independence & Political Interference - The core issue revolves around the independence of the Federal Reserve from political interference, particularly from the executive branch [2][7][13][26] - Concerns are raised that attempts to undermine the Fed's independence could weaken the American economy, potentially leading to increased costs and uncertainty for Americans [26][27] - The legality of President Trump's attempt to remove Lisa Cook is questioned, given the Federal Reserve Act of 1913 and the requirement for "cause" for dismissal [12][24] Lisa Cook's Situation - Donald Trump reportedly attempted to fire Lisa Cook, the first black woman on the Federal Reserve Board [1] - Lisa Cook's qualifications for the role are highlighted, noting her extensive experience and confirmation by the Senate for a 14-year term extending to 2038 [4][5][6] - The allegations against Lisa Cook are described as "baseless" and lacking due process, with concerns raised about the lack of investigation or legal basis for the action [1][17][18][20][22][23] Legal & Constitutional Aspects - The Supreme Court case Trump versus Will Cox established the Federal Reserve as a quasi-private entity, independent from presidential whims [7][9] - The president's firing power is limited, requiring "cause" which is defined as proof of breaking the law or gross misconduct, not merely a tweet [10][24][25] - The action is viewed as a potential breach of legal and constitutional norms, with comparisons drawn to authoritarianism [26]