Housing Reform Bill Moves Forward, New Fed Chair Sworn In

The House of Representatives has passed the 21st Century ROAD to Housing Act, aiming to address housing supply and affordability issues. However, a controversial investor rule was removed, and the bill now heads to the Senate for further negotiations. Meanwhile, Kevin Warsh has been appointed as the new Federal Reserve chair, emphasizing independence and a focus on price stability and employment. Warshs appointment comes as inflation rises, potentially allowing him to maintain steady interest rates and demonstrate his independence. Additionally, HUD released a report with best practices for home construction, focusing on cost-cutting, land use, and streamlining the building process, which has been welcomed by industry groups. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2b3225e5b35ac0e8