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flag San Francisco Fed President Mary Daly links housing cost increases to inflation, calling the housing market "broken."

flag San Francisco Federal Reserve Bank President Mary Daly said rising housing costs, driven by a lack of supply, contribute to higher inflation, calling the housing sector "broken." flag Daly noted that while the Fed's high interest rates also make housing less affordable, they are temporary measures to combat inflation. flag The Fed is focused and resolute on achieving price stability and reducing inflation.

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