After Delay, Powell and Montgomery Noms Proceed to Full Senate

first_img Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post January 17, 2018 1,981 Views Previous: Ranking Home Renovation Resale Values Next: Housing Market Gets a Vote of Confidence from Builders After Delay, Powell and Montgomery Noms Proceed to Full Senate The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Brian Montgomery Confirmation Hearing fed chair Federal Reserve Jerome Powell Senate Banking Committee Senate Committee on Banking Housing and Urban Affairs The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, News Brian Montgomery Confirmation Hearing fed chair Federal Reserve Jerome Powell Senate Banking Committee Senate Committee on Banking Housing and Urban Affairs 2018-01-17 David Wharton Home / Daily Dose / After Delay, Powell and Montgomery Noms Proceed to Full Senate The Best Markets For Residential Property Investors 2 days ago The Senate Committee on Banking, Housing, and Urban Affairs today met to revisit the nominations of Jerome Powell as Chairman of the Board of Governors of the Federal Reserve System and Brian Montgomery as Assistant Secretary for Housing – Federal Housing Commissioner, U.S. Department of Housing and Urban Development. Both nominees were advanced to the full Senate for a confirmation vote.Both nominees previously received yes votes from the Banking Committee late last year, but as the full Senate did not get around to confirming them before going into recess, the Banking Committee had to revote this morning.Powell was approved with a voice vote, with Sen. Elizabeth Warren (D-Massachusetts) asking to be recorded as a no.Montgomery was approved with a voice vote, with Sen. Warren, Sen. Cortez Mastro (D-Nevada), and Sen. Jack Reed (D-Rhode Island) asking to be recorded as “no.”The Committee also approved the nomination of Randal Quarles for a full term on the Fed’s board. Sen. Warren, Sen. Cortez Mastro, and Sen. Reed were recorded as “no” for Quarles as well.If confirmed by a full Senate vote, Powell will succeed current Fed chair Janet Yellen, who announced her retirement from the Fed’s Board of Governors in early November, following Powell’s nomination as Fed Chair by President Trump. During questioning by the Senate Banking Committee in November 2017, Powell emphasized the importance of looking back over the various regulations and legislation instituted since the 2008 financial crisis and making sure it still makes sense. In response to questioning by Senator Elizabeth Warren (D-Massachusetts), who asked if Powell believed there were any regulations that needed to be stronger, Powell said, “Honestly, Senator, I think they’re tough enough.”Powell said the Fed would continue to err on the side of caution, but added that “it doesn’t help anyone for banks to waste money.” Powell also said at the time that he was in favor of exempting banks worth less than $10 billion from the Volker Rule, which limits risky trading by U.S. banks, and that he would work to continue shrinking the Fed’s balance sheet, predicting an eventual balance sheet total of between $2.5 and $3 trillion could be achieved within three to five years.Powell also highlighted the importance of tailoring regulations to the size and importance of the institution in question, with a decrease in intensity and stringency for smaller and regional banks. However, Powell pointed out that “Fundamentally, size is only one indicator of the riskiness of a firm and the possibility of it damaging the financial system through its failures.”Brian Montgomery is currently Vice Chairman of The Collingwood Group, a Washington D.C.-based advisory firm that he co-founded, and he previously served as Federal Housing Administration commissioner under former President George W. Bush. In a letter sent to Senate Banking Committee Chairman Crapo and Ranking Member Brown endorsing his nomination and encouraging his confirmation, Ed Delgado, President and CEO of the Five Star Institute wrote:During my 25 year tenure working within the mortgage banking industry, I have had the opportunity to work side by side with Mr. Montgomery during his times within both public and private service on issues that face the American homeowner,” the letter said. “I can attest to his qualifications as a leader and his devotion to the cause of furthering responsible homeownership in the United States. An examination of Mr. Montgomery’s record will reveal a dedicated public servant and champion for homeownership, fully committed to ensuring the American Dream lives on for generations to come.During his October testimony before the Senate Committee on Banking, Housing, and Urban Affairs, Montgomery said, “Some of my Republican friends and colleagues still ask why I agreed to serve in a Democratic Administration and my answer has always been the same: they asked for my help. It was that simple. Now when I’m asked why I would want to return to HUD, the answer is just as simple: I believe I can make a positive difference.” Related Articles Subscribe Share Save Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: David Wharton Demand Propels Home Prices Upward 2 days agolast_img read more

Young people ‘underestimate alcohol units’

first_imgIndependent (UK) 26 Feb 2012Many young people underestimate how much alcohol they drink even if they have some knowledge of the Government’s guidelines on sensible consumption, a study says. Researchers said their results suggest that young people do not have the knowledge or skills to keep their drinking within the set guidelines. The University of Sussex-led study, which is published in Drug and Alcohol Review, surveyed 18- to 25-year-olds about their knowledge and beliefs on safe drinking. People who took part in the study were asked to pour their usual measure of wine, beer or vodka followed by what unit they believed it to be. Nearly two-thirds underestimated the unit content of the drinks they poured, researchers said. The Government’s daily unit guidelines are up to two to three units for a woman and up to three to four units for a man.http://www.independent.co.uk/life-style/health-and-families/health-news/young-people-underestimate-alcohol-units-says-research-7441059.htmllast_img read more

Edin Dzeko is at the Top of the List of the most effective Representative Attackers in the World

first_imgThe captain of the National football team of BiH Edin Dzeko is currently the most effective representative attacker in the world together with Romelu Lukaku and Roberto Lewandowski with an average of goals per match of 0.56.Our Diamond became a record player by the number of appearances for the National team of BiH in the match of the second round of the League of Nations, with which he surpassed Emir Spahic, and that match at Bilino Polje Stadium was his 95th appearance in the National team of BiH.Moreover, Dzeko is the best attacker of the National football team of BiH of all times with 53 goals scored in 95 matches, which makes him the most effective player in the world with a goal average of 0.56 per match.In the first place of this statistics are Edin Dzeko, Romelu Lukaku and Robert Lewandowski, and all of them had an average of 0.56 goals per match, while Belgian scores 0.568 goals per match, Dzeko has 0.567 goals per match, and Polish player has 0.556 per match.Lukaku scored a total of 43 goals in 77 matches for Belgium, and Lewandowski scored 55 goals in 99 appearances for his national team.This statistics is just another proof of what kind of attacker BiH has, and we can already say for Dzeko that he is the best BH player of all times as well as one of the best attackers in the whole world.(Source: K. H./Klix.ba)last_img read more