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Wolf Street/Wolf Richer/2-2-2021
“During the press conference following the FOMC meeting last week, Fed Chair Jerome Powell was asked by different reporters about the craziness going on in the stock market, the chaotic thingy with GameStop, corporate debt, and the housing market.”
USAGOLD note: A good many of our readers have a stake in the housing market and follow closely what is going on in their particular area. Prices everywhere are on the rise so one region is not essentially different from any other except by degree. Fed chairman Powell put off rising real estate prices as a temporary, pandemic-driven phenomenon – not another bubble. Richter believes that monetary inflation is the bigger influence driven by massive Fed purchases of mortgage-backed securities.
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