Federal Reserve policymakers voted to keep interest rates steady as expected, and it's unlikely that the central bank's decision will affect long-term mortgage rates ... .
... targeting Fed ChairJeromePowell cleared the way for the process ... The Senate committee voted 22-1 for Powell's nomination as Fed chair in 2017, and Powell's term as Fed chair ends on May 15.
In a significant policy signal, Fed ChairPowell stated that current interest rates are at the upper end of the neutral range and are somewhat restrictive ... In summary, Fed Chair Powell has provided critical clarity on the state of U.S.
The Fed Chair noted that while he had been preparing to retire, the current circumstances compelled him to stay until all matters are resolved ...Market Reactions to the Fed Chair’s Decision ... Comparing Powell’s Tenure to Previous Fed Chairs.