Treasury Secretary Bessent’s cautious remarks about the prospect for GSE reform heighten industry skepticism about the release of Fannie Mae and Freddie Mac from conservatorship.
Some market participants have raised concerns that the improved efficiency of DeepSeek’s artificial intelligence model could reduce demand for data centers that house hardware and energy resources.
Former FDIC board member Jonathan McKernan has been nominated to head the CFPB. Meanwhile a new acting director shut down all agency activities, spurring staff protests and lawsuits.