4min chapter

Open to Debate cover image

Agree to Disagree: Can the Fed Manage a Soft Landing?

Open to Debate

CHAPTER

Are You Crediting the Fed?

House prices rose more'n 30 % over the last two years. The supplyside problems were transitory and they are getting solved, but they are not getting solved because of anything that the fet is doing. We have a problem of housing shortage, not necessarily problem of too much demand in the housing sector. And raising the interest rates is going to be counterproductive there.

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