Understanding California’s 2020 Solar Mandate
Jerome “Jay” Powell was nominated yesterday by President Trump to serve as the next Fed Chairman, which means potential changes in the housing industry. If confirmed, Powell will take the helm beginning February 2018. Our Manager of Housing Economics, Ali Wolf, eagerly awaited the announcement and dug into the potential impacts on the housing industry. Click the image below to listen to Ali’s analysis on SoundCloud. (Listen time: 4 minutes)
Given where we are in the business cycle, we believe Powell was the best choice of the Fed contenders. His history of supporting gradually rising short-term rates, and his experience with the Fed since 2012, will prove beneficial as the economy normalizes.