"Trump framed rising home values as a major driver of household wealth and said policymakers should be cautious about making housing too easy and too cheap to buy, arguing that could reduce property values. The president acknowledged political and economic tension between protecting homeowners and expanding access for first-time buyers, saying his administration would try to do both."
"Months of speculation came to an end Friday morning when Trump named former Federal Reserve Governor Kevin Warsh as his choice for the next Fed chair. If confirmed, Warsh would replace current Chair Jerome Powell when Powell's term expires in May. Powell is also the subject of a current Department of Justice investigation that began as he and the president publicly disagreed over interest rates."
Rising home values are presented as a primary driver of household wealth, with caution advised against policies that make housing overly easy or cheap to buy. The administration recognizes a political and economic tension between protecting existing homeowners and expanding access for first-time buyers and intends to pursue both goals. Lowering interest rates is promoted as the main tool to sustain high property values while reducing monthly payments for buyers. Kevin Warsh was nominated to succeed Jerome Powell as Fed chair. Plans for federal financing of low-income housing in high-value areas would be opposed to protect property values.
Read at www.housingwire.com
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