Slow growth dominated the first quarter, but Fannie Mae’s Economic & Strategic Research Group believes the economy is expected to gain momentum in the second quarter amid an increase in government spending and diminishing drag from a slowdown in inventory stockpiling.
The government shutdown has created a deeper level of pessimism among Americans when it comes to their general economic outlook. The partial shutdown is now hindering consumer confidence, reports claim.
Layton has over 35 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004..
"The questions become, ‘Do the courts find a distinction between housing policy and lending, as in whether to make a loan and how you price that loan? Does the government get broader discretion than the private sector?’ ” Andreano said. “It’s not fleshed out.” Read More