Trump blames ‘Too late Powell’ for housing crisis, but top analysts say low interest rates have ‘snapped’ Millennials and Gen Z homeowners.
ANALYSIS: President Trump blames Jerome Powell and the Fed over the housing slump, but economists at JPMorgan and Morgan Stanley say today’s high mortgage rates aren’t the Fed’s fault — they’re a holdover from years of extremely low interest rates after the financial crisis, which drove home prices to unaffordable levels. Despite multiple Fed cuts, … Read more