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

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." Daly noted that while the Fed's high interest rates also make housing less affordable, they are temporary measures to combat inflation. The Fed is focused and resolute on achieving price stability and reducing inflation.

March 06, 2024
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