By Central South Dakota News |
Mar 8, 2024
WASHINGTON – U.S. Senator Mike Rounds (R-S.D.) raised concerns about the potential negative impact of the Federal Reserve's Basel III Endgame proposal on housing affordability during a recent hearing. The discussion took place as part of the Banking, Housing, and Urban Affairs hearing titled, “The Semiannual Monetary Policy Report to the Congress.”Rounds expressed his apprehensions, stating, "I’ve weighed in several times with the concerns I have with the Basel III Endgame. I’m concerned that the proposal will make buying a home harder than it already is for many, and...