BiggerPockets Daily Section 8 Under Fire as the Trump Administration Ramps Up Cuts
10 snips
Apr 22, 2025 AI Snips
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Trump vs Fed on Interest Rates
- President Trump is pressuring Fed Chair Jerome Powell to cut interest rates amid inflation concerns.
- Powell resists, citing the need for clarity and the Fed's legal independence to avoid destabilizing markets.
Fed Independence Affects Mortgage Rates
- Fed's independence is crucial for market stability and if compromised could cause a constitutional crisis.
- Mortgage rates fluctuate with bond markets, influenced by Fed actions and political uncertainty.
Housing Voucher Overhaul Risks
- The Trump administration plans to overhaul Section 8 housing vouchers, shifting to state grant systems and cutting funding.
- This could leave millions without aid, affecting landlords, tenants, and affordable housing markets.