• MEDIA: Fed President: Migration Boosts Mortgage Rates

    From John D Groenveld@21:1/5 to All on Thu May 16 10:42:43 2024
    Via Breitbart Immigration, Breitbart.COM/immigration, see Neil Munro
    on whether Casey DeSantis regrets her path to WhiteHouse.GOV was
    dashed by Ron's inability to convince David McIntosh's Club for Growth
    to support advertisements on Lachlan Murdoch's FoxNews.COM with the
    likes of Mike Emmons arguing for an immigration moratorium: <URL:https://www.breitbart.com/economy/2024/05/07/federal-reserve-chairman-migration-boosts-mortgage-rates/>
    | President Joe Biden's migration crisis raises the mortgage rates
    | that burden young couples and families, according to the president
    | of the Federal Reserve Bank of Minneapolis.
    |
    | "While the long-run effect of increased immigration on inflation is
    | unclear, immigrants nonetheless need a place to live, and their
    | arrival in the U.S. has likely also increased demand for housing,"
    | said Neel Kashkari, president of the Federal Reserve Bank of
    | Minneapolis, said on May 7.
    |
    | In turn, he said, mortgage rates are nudged upwards with higher
    | interest rates, saying, "Perhaps a neutral [interest] rate for the
    | housing market is higher than before the pandemic."
    |
    | Kashkari is a member of the Federal Reserve, which is now raising
    | interest rates to reduce the unpopular inflation caused by the
    | federal government's deficit spending.

    Does Susie Wiles see any hope in her (or Bill Stepien before her (or
    Brad Parscale before him)) polling of legacy American proles for a GOP candidate for WhiteHouse.GOV to reach it without running to Donald
    Trump's right on the National Question?
    John
    groenveld@acm.org
    --
    "This is the most compelling argument for DeSantis to wait until
    2028, if he's still considering. Just let Trump self-destruct in
    2024, force his grifter army to find new lines of work and try to
    memory-hole their roles in his campaign, while the rest of us move
    forward." - Pedro Gonzalez <URL:https://twitter.com/emeriticus/status/1637885809222098974>

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