Ep. 249 Shadow FED - EXPOSED

👍 Like and subscribe to the What’s Your 1 More Podcast for bold conversations that move your business forward! Who’s really pulling the strings on interest rates — and what does the “Shadow Fed” mean for mortgage rates, homebuyers, and the U.S. economy? In this episode, Quinton Harris breaks down the tension between Jerome Powell and Donald Trump, the potential for early Fed leadership changes, and how unseen forces may already be shaping rate cut decisions heading into 2026. Homeowners, future buyers, and industry pros need to hear this. “If you fix confidence, you fix the economy.” — Quinton Harris   Special thanks to our show sponsor, Texana Bank! We’re proud to partner with a bank that’s not just about transactions, but about creating opportunities for professionals. From innovative programs like REMLO to nationwide lending solutions, Texana Bank is helping reshape the future of real estate and mortgage careers. 👉 Check them out at https://mortgage.texanabank.com — and see what makes them different. 👉Check out REMLO at https://mortgage.texanabank.com/remloprogram/ for more information and to sign up now! 👉REMLO PDF - What. Why. How. - https://drive.google.com/file/d/1JVYIbun8mb6Go8mkwPL3ALJrp9ePi-ye/view?usp=sharing   Connect with us: YouTube: https://www.youtube.com/@whatsyour1more Apple: https://podcasts.apple.com/us/podcast/whats-your-1-more/id1647180355 Facebook: /whatsyour1more Twitter: /whatsyour1more Instagram: /whatsyour1more Spotify: https://open.spotify.com/show/37zPGizSKOGid1NVnm92i5   If you enjoyed this episode, please like, subscribe, and share your thoughts in the comments—your feedback and engagement mean the world to us and help shape future episodes of What’s Your 1 More! Thank you for being part of our community!   00:00 – Show intro and episode overview 00:35 – Powell vs. Trump relationship breakdown 01:55 – Trump calls for Fed rate cuts 02:50 – What is a “Shadow Fed”? Explained 04:00 – Potential Trump Fed picks 05:10 – Shadow Fed’s impact on markets 06:05 – What Waller’s appointment would signal 07:00 – Fed members divided on rate cuts 08:00 – Trump’s bold global trade moves revisited 09:30 – How policy shifts affect the Fed 10:00 – RELO program ad break 11:00 – Labor market data’s influence on the Fed 12:15 – Possible timing of future rate cuts 13:00 – Consumer spending slowdown 13:50 – Fed’s mixed messaging vs. market confidence 14:25 – Morgan Stanley’s bold 2026 rate cut prediction 15:00 – Impact on mortgage rates and housing 15:50 – Powell’s disregard for housing market questions 16:50 – Why housing should matter to the Fed 17:15 – Could the Shadow Fed push a housing revival? 17:55 – Closing thoughts