Reported about 13 hours ago
President Trump is seeking to reshape the Federal Reserve by targeting Governor Lisa Cook, blaming high-interest rates for the housing market's struggles. However, experts warn that undermining the Fed's independence could drive mortgage rates higher, worsening the ongoing affordability crisis. Both the president's push for lower rates and the Fed's current inflation management create a paradox that complicates efforts to address the housing shortage and balance economic growth.
Source: YAHOO