Kevin covers the following stories: Federal Reserve Chairman Jerome Powell indicates conditions "may warrant" interest rate cuts; a developing story regarding evidence of Chinese Infiltration of the Federal Reserve; Fed Governor Adriana Kugler announces her resignation; Fed Governor Lisa Cook fired over allegations of mortgage fraud; U.S. Census Bureau and Department of Housing and Urban Develpment reported July new home sales; Kevin has the details, digs into the data, puts the information into historical perspective, offers his insights and an opinion of two.