I struggle w/ Chairman Powell’s statement…given he wanted inflation, took FFR% to ZIRP, floored Fed purchasing of MBS on 3 separate occasions…each time w/ significant impact on RE prices (basis of inflation). Sooooo…BS?
I struggle w/ Chairman Powell’s statement…given he wanted inflation, took FFR% to ZIRP, floored Fed purchasing of MBS on 3 separate occasions…each time w/ significant impact on RE prices (basis of inflation). Sooooo…BS?