The housing market shows that the tool the Fed is using to reduce inflation is doing just the opposite, says the former White House adviser.
The Federal Reserve’s rate hikes have helped slow overall prices, but they’re also keeping inflation steady because of how home ownership costs factor into key metrics, according to housing expert Jim Parrott and Mark Zandi, chief economist at Moody’s Analytics. In one Washington Post published on Thursday, they called on the Fed to declare victory … Read more