S2025 Ep312: The Rate Update — No He Didn’t: Powell STAYS at the Fed — What Happens to Mortgage Rates Now?

About this episode

The episode discusses Jerome Powell's decision to remain at the Federal Reserve and its implications for mortgage rates and the economy.

Fed Governor Powell Does NOT Step Down — What Next for the Fed, Mortgage Rates, Homebuyers & Homeowners? No he didn’t. Jerome Powell is stepping down as Federal Reserve chairman — but he is not leaving the Federal Reserve. In this video, I break down Powell’s rare decision to remain on the Federal Reserve Board of Governors after his chair term ends, why this matters for Fed independence, what it could mean for the next Fed chair, and how the bond market may react. And most importantly — what does this mean for mortgage rates, homebuyers, homeowners, and anyone waiting for rates to finally move lower? The Fed just held interest rates steady again, inflation remains a concern, energy prices are pressuring the economy, and the market is trying to figure out whether rate cuts are still coming — or whether mortgage rates could stay higher for longer. Today we’re covering: Why Powell is stepping down as chair but staying at the Fed Why this is historically rare What this means for the next Fed chair How markets may react Why mortgage rates do not follow the Fed directly What homebuyers and homeowners should watch next Whether this changes the outlook for rate cuts and refinance…

People in this episode

Host: Dan Frio

Topics covered

• Federal Reserve
• mortgage rates
• interest rates
• homebuyers
• economic stability
• inflation

Keywords

• Jerome Powell
• Federal Reserve
• mortgage rates
• interest rates
• homebuyers
• inflation
• economic stability

Mentioned in this episode

Organizations: Federal Reserve, Federal Reserve Board of Governors

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