Bloomberg reports PresidentTrump asked Republican senators for a show of hands on who they’d like to see as the next Fed chairman and Stanford economist John Taylor won the straw poll according to Senator Tim Scott, Republican from South Carolina. Scott told The Wall Street Journal that the poll had only two candidates, Taylor and Federal Reserve Governor Jerome Powell. Taylor is a leading academic who has forged close ties with congressional Republicans since the financial crisis, often testifying before the House Financial Services Committee about interest-rate policy.
The Commerce Department reports new-home sales in September ran at a 667,000 annual pace. That’s a 18.9% increase compared to August, and 17% higher compared to a year ago. Economists expected a 555,000 annual pace. The median sale price was $319,700, up from $314,700 a year ago. At the current sales pace, it would take 5 months to exhaust the available supply.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
