Doug Krizner

This is Trump's latest effort to bring down housing costs ahead of the November midterm elections.

Meantime, the president's proposal to keep institutional investors from buying single-family homes in the U.S.

would be forward-looking and not result in a forced sale of current holdings.

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Treasury Secretary Scott Besson told Fox Business, the idea is bygones are bygones.

At the same time, Besson said he anticipates the president will decide on a successor to Fed Chair Jay Powell this month.

Here is Besson speaking at the Economic Club of Minnesota.

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Treasury Secretary Scott Besant.

Financial markets are pricing in about two rate cuts from the Fed this year.

However, Fed Governor Stephen Myron is penciling in at least six.

Myron sees underlying inflation running at an annual rate of 2.3%.

Now, that is lower than the current reading of the Fed's preferred measure of inflation, which is 2.8%.

Myron went on to say the American economy could add about a million jobs without adding to price pressures.

Incidentally, you can hear the full conversation with Fed Governor Stephen Myron on the Bloomberg podcast page on YouTube.

The Senate voted to advance legislation opposing further military action in Venezuela.

Five Republicans crossed party lines to join all Democrats on this procedural vote.

And President Trump reacted, saying Republicans should be ashamed of these senators who broke rank.

And Trump added they should never be elected again.

Here is Kentucky Republican Senator Rand Paul.