Low- and middle-income US households most hurt by housing inflation – Barr
Governor signals more rate hikes to come to tame inflation
The unaffordability of housing in the US is causing the most pain for low- and middle-income households, Michael Barr has said.
Speaking at a housing summit hosted by the Federal Reserve Bank of Chicago on September 23, the governor outlined the reasons behind the fall in the affordability of shelter over the past seven years.
Before elaborating on this topic, Barr commented on the current state of inflation in the US. He said that in his “base case”, further policy adjustments are “likely to be
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