“As long as there is a perception that higher prices are in the tea leaves, that's a problem certainly for policy makers. And I think that's why the Federal Reserve seems hellbent on raising rates.”
“So we don't get the gold medal in housing this year ? we have to settle for the bronze. There's still plenty of demand for housing in the U.S., even with the higher mortgage rates.”
“The big problem now is what does the Fed do with this. How does the Fed take the foot off the brake when you have stellar job creation and signs of increasing inflation?”