Mark Zandi and the Federal Reserve Bank of Minneapolis offer key insights into the optimal monetary policy, arguing for a focus on non-housing inflation, as discussed in a recent Washington Post op-ed and highlighted by Byron Lazine on the Hot Sheet.
During the FOMC press conference on January 31, 2024, Jerome Powell directly addressed questions regarding housing price inflation and Senator Elizabeth Warren’s letter to the Federal Reserve.
Byron Lazine, Lisa Chinatti, and Tom Toole discuss the latest CPI data, the Fed’s (outdated) playbook, consumer confidence, the MLS PIN decision, technology for the real estate industry, and the Boston mayor’s incentive for converting office buildings for residential use.
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