Approval/Disapproval Polls

[wmheel1287]

No but it would reduce mortgage payments, particularly for first time homebuyers. Obviously, the trick is to lower rates enough not to spur inflation as we were doing for decades prior to Biden.

This is wrong again. Mortgage rates follow the 10 year treasury note. If the fed cuts rates in an inflationary environment, it is most likely the 10 year treasury will go up, not down. The fed cutting rates right now would cause costs to rise on nearly everything, mortgage rates included.

 

[superrific]

This is wrong again. Mortgage rates follow the 10 year treasury note. If the fed cuts rates in an inflationary environment, it is most likely the 10 year treasury will go up, not down. The fed cutting rates right now would cause costs to rise on nearly everything, mortgage rates included.

This is exactly right, except that I would replace "most likely" with "entirely possible" or "50-50" but that is a nit. The big point is correct: the government can't cause interest rates to go down by fiat. Imagine if it could!

 

[Kingpin]

No but it would reduce mortgage payments, particularly for first time homebuyers. Obviously, the trick is to lower rates enough not to spur inflation as we were doing for decades prior to Biden.

inflation during Biden’s Presidency was 100% due to pandemic-induced global supply chain breakdown. Of course you know that, but spew ish nonetheless

 

[BlooVooDoo]

He's replacing the Fed Chair with Kevin Warsh - who will reduce rates. That would probably be the most effective way to further reduce inflation.