Fed Chair Powell: "Homebuyers need a bit of a…

Here are some interesting comments on housing from Fed Chair Jerome Powell today. This is a quick transcript - sorry for any errors - the video is here and the discussion on housing starts around 1:51:00. Question from Mark Hamrick with Bankrate: Wonder what your assessment is about the outlook for the housing market given the years long increase in home prices, and now the sharp rise in mortgage rates. And all that, of course, given the heightened sensitivity around the housing market given the fact that it was a trigger for the Great Financial crisis over a decade ago?

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