Federal Reserve Bank of Minneapolis - Housing Articles: "The Optimal Way for a Central Bank to Regard Housing Inflation? Ignore It"
January 18, 2025
January 18, 2025
MINNEAPOLIS, Minnesota, Jan. 18 -- The Federal Reserve Bank of Minneapolis issued the following article December 20, 2024, by Jeff Horwich entitled "The optimal way for a central bank to regard housing inflation? Ignore it."
Here are excerpts:
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The rising cost of housing has been a powerful force keeping U.S. inflation above the Fed's target. Per the personal consumption expenditures (PCE) price index, housing costs are 5 percent higher . . .
Here are excerpts:
* * *
The rising cost of housing has been a powerful force keeping U.S. inflation above the Fed's target. Per the personal consumption expenditures (PCE) price index, housing costs are 5 percent higher . . .