Trump Nominates Kevin Warsh For Fed Chair: Here’s What It Means For Housing | January 30, 2026

On today’s Hot Sheet, Byron Lazine covered President Trump’s expected Federal Reserve chair nomination, with Kevin Warsh emerging as the frontrunner as markets react in the Treasury yield.

Next, he broke down the December PPI report from the U.S. Bureau of Labor Statistics, which showed producer prices up 0.5% on the month and 3.0% for 2025 as services inflation stayed elevated.

For today’s third topic, Byron reviewed MBA’s Purchase Applications Payment Index (PAPI) showing the median mortgage payment fell to $2,025 in December, a $102 year-over-year drop that improved affordability by 7.5%.