Jerome Powel and the Federal Reserve are creating another massive housing bubble. The bubble inflated even more in June as the Fed continued with $120 billion per month in asset purchases and the balance sheet hitting $8.1 trillion. The Fed's continued purchases ($40 billion per month) in the mortgage-backed securities market are utterly baffling considering the double-digit housing inflation numbers that keep piling up. So why is the Fed fanning the flames of asset inflation? Here's the primary reason... Lifestyles of the rich and famous Fed officials, most whom are millionaires themselves, are smart enough [...]