MBS Purchases

Pinocchio Powell has no answer as to why the Federal Reserve is still inflating the housing market with MBS purchases to the tune of $40 billion per month. Despite a ridiculously overheated housing market with no inventory and double-digit price increases the Federal Reserve is going to continue the purchase of mortgage-backed-securities.  The latest FOMC statement and press conference just confirmed more of the same from the Powell Fed. "Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. The path [...]