Jay Powell, the Chair of the Federal Reserve, shares insights on U.S. monetary policy and the current economic landscape. He discusses the complexities of interest rate cuts and their potential impact on market stability. The conversation delves into the tight housing market, emphasizing the critical need for affordable housing solutions as pressure mounts on political leaders. Powell also highlights how fluctuations in mortgage rates could influence the GOP's agenda ahead of the upcoming elections, revealing a compelling interplay between economics and politics.