Let the Fed Work: Why Markets Crave Stability Over Politics - Weekly Mortgage Update commentary

In this segment of Weekly Mortgage Update, Bill offers timely insight into the critical role of Federal Reserve independence amidst recent political speculation and market volatility. As rumors swirl around a potential dismissal of Fed Chair Jerome Powell, Bill emphasizes that well-reasoned, steady leadership—not reactive politics—is what the markets crave. Drawing from Fed Governor Waller’s recent public comments, the conversation underscores the importance of letting “the adults in the room” do their job. With inflation, interest rate expectations, and investor confidence all hanging in the balance, this episode serves as a reminder that monetary policy works best when driven by data, not drama.