Housing Crisis and Monetary Policy

The podcast episode discusses the housing crisis and its connection to monetary policy. The interview with the president and CEO of the San Francisco Federal Reserve explores the impact of interest rates on the housing market and the efforts to achieve price stability. It highlights that while rising mortgage rates may make it more difficult for individuals to afford homes, it is important to address the issue of soaring housing prices and supply-demand imbalances. The goal is to rebalance the housing market and ensure price stability while also increasing housing supply and considering the needs of first-time homebuyers.