On the recordJune 22, 2022
It is certainly an important indicator.
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congress.govIt is certainly an important indicator.
Powell acknowledges housing as a key economic indicator.
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More from Jerome Powell
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy