tldrdailynews.com logo

Cramer questions Fed's approach to inflation control.

1 min read
Source: CNBC
Cramer questions Fed's approach to inflation control.
Photo: CNBC
TL;DR

CNBC's Jim Cramer says the Federal Reserve's efforts to fight inflation by hiking interest rates have backfired, particularly in curbing housing inflation. The rate hikes have boosted the price of shelter, making it harder to extend loans to developers and constricting housing supply, which keeps the value of housing high and rents from coming down. This defeats the Fed's purpose of reducing the value of housing and the cost of rent. More hawkish Fed officials want to keep hitting rate hikes, whether or not they're really needed.

Topics:businessfinance#federal-reserve#finance#housing-inflation#interest-rates#lending-standards#monetary-policy
Share this article
  1. The Fed's efforts to fight housing inflation by hiking interest rates has backfired, Cramer says  CNBC
  2. Cramer: Housing, Autos and retail should be getting hit hard, but the're all holding up  CNBC Television
  3. The Fed needs two industries to suffer in order to beat inflation, Jim Cramer says  CNBC
  4. Fed should take pause at next meeting, says KPMG's Swonk  CNBC Television
  5. Cramer asks: Is the Fed attuned to data or dogma?  CNBC

Want the full story? Read the original reporting

Read on CNBC