Friday, 12 July 2019

Homebuilder blues: Fed chair says Trump’s tariffs, immigration taking a toll

Over the past few months, President Trump has been venting on Twitter and elsewhere about his displeasure with the Federal Reserve. But on Thursday, Fed Chair Jerome Powell had something to say about the president. Powell said some of Trump’s policy moves are significantly hurting a vital part of the U.S. economy: the housing industry. Speaking at a Senate Banking Committee hearing in Washington, Powell said immigration and tariffs combined with rising material costs are […]



source https://therealdeal.com/national/2019/07/12/homebuilder-blues-fed-chair-says-trumps-tariffs-immigration-taking-a-toll/#new_tab

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