The Federal Reserve has completely failed working American families. Their reckless money printing and rate manipulation destroyed the housing market for regular people. While Washington bureaucrats play games with interest rates, hardworking Americans can’t afford homes.
The Fed raised rates eleven times trying to fight inflation they created in the first place. Mortgage rates shot up from 3.4 percent to over 7 percent in just two years. Millions of families got priced out of homeownership while government officials kept their cushy jobs.
Even worse, the Fed’s own economists now say they should just ignore housing costs completely. They want to pretend housing inflation doesn’t matter while families pay 5 percent more for shelter every year. This is exactly the kind of out-of-touch thinking that proves government doesn’t work.
The rate hikes created a massive housing lock-in effect that benefits wealthy homeowners at everyone else’s expense. People with low-rate mortgages won’t sell their homes because new rates are so high. This means fewer homes for sale and higher prices for everyone else trying to buy.
Home sales dropped 30 percent while prices hit record highs thanks to Fed meddling. The government created an artificial shortage that helps the rich get richer. Working families are stuck renting while their landlords cash in on the rigged system.
Housing costs now make up 30 percent of inflation but Fed officials want to ignore it completely. They care more about their economic models than real Americans struggling to pay rent. This is government corruption disguised as monetary policy.
The same bureaucrats who caused this mess now admit their policies don’t work on housing. They spent years hiking rates to fight inflation while making housing even less affordable. It’s time to admit the Federal Reserve experiment has failed American families.
Real solutions mean getting government out of the housing market entirely. End the Fed’s market manipulation and let free enterprise work for everyone. Stop letting Washington elites rig the system against hardworking patriots who just want to own a home.
