189: The Fed’s Plan “Backfired,” Now They’re Scrambling w/Logan Mohtashami
The Fed is putting us all in danger. With high rates, low inflation, a strong job market, and millions of Americans wishing they could buy a home (but can't), we're in a strange position. Buying a home is still unaffordable even with rising wages, but the Fed won't drop rates BECAUSE of rising wages and such strong job numbers. We're in a housing market stalemate, and all of this could have been avoided if the Fed stopped counting on old data to save them.
You might think that these are wild claims, but thankfully, we've got the housing market expert of housing market experts on the show…
The skinny
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