FHA Chief Nomination Endangered
Ahead of tomorrow’s hearing for two key HUD nominees, Senate Banking Republicans today urged President Biden to withdraw the nominations of Julia Gordon to be FHA Commissioner and Solomon George to be Assistant Secretary for Policy Development and Research.

Fed Study: Market Stability Needs Either Huge Fed or Standing Repo Facility
An influential new Federal Reserve staff report concludes that post-crisis liquidity rules and Fed balance-sheet normalization contributed to the 2019 repo crisis.