As mortgage rates continued to rise in August 2022, the Jackson Hole Economic Symposium took place. For the unacquainted, the Federal Reserve hosts this annual three-day conference, discussing the country’s economic challenges and overall direction. Unfortunately, this latest event came as the United States real estate market heads for a downturn. In the face of […]
Federal Funds Rate
Fed Testimony Reveals Latest Steps in Bringing Down Inflation
With the recent Fed testimony, Federal Reserve Chairman Jerome Powell assured lawmakers about their plans to bring down inflation. Not only does Fed Chair Jerome Powell seek to avoid a recession, he believes the Federal Reserve has the tools to do so. Comments from the Latest Fed Testimony “[The Federal Reserve] understands the hardship high […]