Fed Chair

[Zoe]

This is interesting from Fed Chair but it makes a bunch of sense.

Powell says rate cuts won't make 'much of a difference' for struggling housing sector

Federal Reserve Chairman Jerome Powell warned that housing market struggles will persist despite rate cuts, citing low inventory and affordability challenges for buyers.

www.foxbusiness.com

 

[Zoe]

Tariffs are making building costs higher so that is an impact on new housing supply also.

 

[Fernando]

Today Powell acknowledged that he has been subpoenaed and first time he responded against a President. About time.
Greenspan, Bernanke, and Yellen are supporting Powell in that the Fed should be independent from outside influence (that means Trump).