When the Fed eases, one of the principal channels for its easing to take an effect on the economy is the housing market, and that is not happening to a significant degree now due to structural issues in the economy.
Powell explains the limited impact of Fed easing on the housing market.
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In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.
I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.
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