The Senate confirmed Kevin Warsh on Wednesday to succeed Jerome Powell as chairman of the Federal Reserve, sparking hopes within the mortgage industry for less volatility as Warsh takes the helm of the central bank.

Warsh, President Donald Trump’s nominee to serve as the 17th Fed chair, was previously confirmed as a board member on Tuesday. As a former Fed governor who served during the 2008 financial crisis, he brings a deep foundation in capital markets and monetary policy to navigate the current macroeconomic landscape.

“The mortgage industry depends on a healthy and predictable rate environment,” said Joe details ⇒

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