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Fed's George: US house prices remain above pre-pandemic trend

Fed's George: US house prices remain above pre-pandemic trend

Fed's Esther George on US housing market says:

  • US house prices remain above pre-pandemic trend, and one can argue it is parked due to quantitative easing
  • The distributional effects of this is at the expense of the 1st time homebuyers

The comments are not policy related or particularly insightful with regard to the economy, but will be on the lookout for more substance and potential clarity of her views as the December meeting approaches.

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Posted: Nov 22 2022, 19:56
Author Name: forexlive
Views: 110282

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