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Neel Kashkari said that “dramatic increase in immigration” is boosting housing demand, adding to inflation and keeping the Fed from cutting interest rates.
The post Fed President Kashkari: Immigration Surge Keeps Inflation and Interest Rates Sky-High appeared first on Breitbart.
President Joe Biden's policy of mass migration is forcing up housing inflation, so pushing up interest and mortgage rates, according to a report in the Wall Street Journal.
The post Wall Street Journal: Biden’s Migration Spikes Interest, Mortgage Rates appeared first on Breitbart.
President Joe Biden's migration crisis raises the mortgage rates that burden young couples and families, according to the president of the Federal Reserve Bank of Minneapolis.
The post Fed President: Migration Boosts Mortgage Rates appeared first on Breitbart.
If you can slow down the housing market, you can probably slow down the economy and reduce inflation.
The post Breitbart Business Digest: The Housing Market Shows Interest Rates Are Too Low appeared first on Breitbart.
The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
The post Fed President Kashkari Warns Rates Might Not Be High Enough appeared first on Breitbart.
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