The affordability crisis isn’t about inflation

Schrager: Affordability crisis isn’t about inflation

The solutions to affordability don’t lie with the Fed and its blunt interest-rate tool; they lie with Congress, which has two years to engineer real relief before the ballot box is back in play. The economy does not have an inflation problem, but it does have an affordability problem. High prices today are about too little supply.

The affordability crisis isn’t about inflation

The big message from the midterms is that Americans are struggling with the cost of living. In case anyone missed it, they need relief now. This will put even more attention on the Federal Reserve: Will Chair Kevin Warsh do…