Powell Signals, Higher Rates, is Pressed on Housing
A hawkish Jerome Powell, testifying before Congress this week, made it clear that he is worried about recent economic indicators and is preparing to raise rates faster—and likely further—than previously anticipated. Facing scrutiny from both sides of the political aisle, including on specific issues affecting housing markets, Powell described recent developments as a potential “reversal”… The post Powell Signals, Higher Rates, is Pressed on Housing appeared first on RISMedia.
A hawkish Jerome Powell, testifying before Congress this week, made it clear that he is worried about recent economic indicators and is preparing to raise rates faster—and likely further—than previously anticipated. Facing scrutiny from both sides of the political aisle, including on specific issues affecting housing markets, Powell described recent developments as a potential “reversal”…
The post Powell Signals, Higher Rates, is Pressed on Housing appeared first on RISMedia.
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