President Joe Biden's policy of mass migration is forcing up housing inflation, so pushing up interest and mortgage rates, according to a report in the Wall Street Journal.
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President Joe Biden's migration crisis raises the mortgage rates that burden young couples and families, according to theΒ president of the Federal Reserve Bank of Minneapolis.
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If you can slow down the housing market, you can probably slow down the economy and reduce inflation.
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The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
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On Thursdayβs broadcast of the Fox News Channelβs βYour World,βΒ Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was βa contributor to the high inflation that weβve seen.β And βthe spending on infrastructure, the spending on new chip
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