🏡 Here's how the Fed lost the war against housing inflation
homellc.substack.com
You know the backstory Fed tried to increase rates to crash housing. You might remember Jerome Powell saying this: Shortly before this in 2022, inflation had peaked at 9% and he wanted to bring it to 2%. Seems like Powell’s thesis was that crashing the housing market should reduce inflation because housing is the biggest component of inflation.
🏡 Here's how the Fed lost the war against housing inflation
🏡 Here's how the Fed lost the war against…
🏡 Here's how the Fed lost the war against housing inflation
You know the backstory Fed tried to increase rates to crash housing. You might remember Jerome Powell saying this: Shortly before this in 2022, inflation had peaked at 9% and he wanted to bring it to 2%. Seems like Powell’s thesis was that crashing the housing market should reduce inflation because housing is the biggest component of inflation.