The Federal Reserve and the Real Estate Market
The Federal Reserve and the monetary policy it conducts have garnered much attention in the post crisis world. Did the Fed’s actions avert economic catastrophe? Is the Fed’s current policy putting the US economy on a sustainable path to prosperity? Are legislative proposals aiming to reform the Fed wise or will they impinge on the central bank’s independence? What do these considerations mean for inflation, interest rates, and the real economy, particularly the interest rate-sensitive real estate sector? In this talk, Dr. Allan Meltzer addresses these questions and shares his thoughts on how the history of the Federal Reserve helps in understanding the current environment and possible outcomes.