Housing market stagnation prompts presidential pressure on Fed

Housing market stagnation prompts presidential pressure on Fed

The president has increased pressure on Federal Reserve Chair Jerome Powell to lower interest rates, claiming that reduced borrowing costs would help revive the sluggish real estate market. However, housing experts caution that the affordability issues plaguing the US housing sector resist simple solutions. As home sales continue to slow and prices remain high in many markets across the country, the administration has focused on monetary policy …