Video: Why the Fed Wants to Crash the U.S. Housing Market

On Wednesday, the Federal Reserve raised interest rates by 0.75 percentage points for the third consecutive time, as it continues its bullheaded effort to tame runaway inflation (the same inflation it told us wasn’t a problem last year).

This is going to further increase the cost of mortgages…putting additional pressure on America’s increasingly troubled housing market.

Which raises the question: Is the Fed actually trying to collapse the U.S. housing market?

I sat down with Field Notes Managing Editor Ciaran Madden to discuss the implications of the Fed’s latest move, what it means for housing in America and our pocketbooks, and what the Fed plans to do next.

Check out the video of our conversation below…

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