The member of the board of governors of the Fed Christopher Waller said on Thursday that they are closely watching the housing market to judge the adequacy of the Fed’s monetary stancereported Reuters.
Featured Statements:
“I’m noting whether the continued sharp rise in house prices poses risks to financial stability“.
“The rising rental cost has implications for monetary policy.”
“The Fed’s purchases of mortgage-backed securities in response to the pandemic lowered mortgage rates by 40 basis points.”
“The recent spike in mortgage rates and house price increases have made home buying less affordable.”
“Demand for houses has increased, supply is limited… the increase in house prices is not driven by excessive leverage or easy lending.”
“I expect the pandemic-specific factors that are pushing up house prices and rents to ease in the next year or so.”
Source: Fx Street
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