Powell Says Rate Cuts Won't Make 'Much of a Difference' for Struggling Housing Sector

Powell says rate cuts won't make 'much of a difference' for struggling housing sector

Federal Reserve Chair Jerome Powell warned that the housing sector's struggles are likely to continue with interest rate cuts unlikely to move the needle significantly to address challenges with inventory and affordability.Powell spoke at a press conference Wednesday after Fed policymakers moved to cut the benchmark federal funds rate by 25 basis points for the third consecutive meeting. In his opening remarks, the chairman noted that "activity …

Powell: Rate Cuts Won’t Make Big Difference as Housing Sector Struggles - The MortgagePoint

Federal Reserve Chair Jerome Powell has tempered expectations for the recent rate cut's impact, warning that the housing sector's struggles likely will continue.

Financial News Network - Powell says rate cuts won't make 'much of a difference' for struggling housing sector

Federal Reserve Chairman Jerome Powell warned that housing market struggles will persist despite rate cuts, citing low inventory and affordability challenges for buyers.Read More …