The Fed's Learnings From the Housing Bubble

The housing bubble was bigger than it otherwise would have been due to the transparency of the Fed. The fact that the Fed had told the markets that rates are going to go up a quarter point at a time helped fueled the housing bubble. A lot of services are bought with government money, right? So it's pretty obvious why we have an inflation problem. It's just obvious to everybody other than the current and former chairpersons of the FOMC.