https://www.wsj.com/articles/transcript-fed-chief-powells-postmeeting-press-conference-11651696613 [www wsj com]

Just a reminder that #Federal_Reserve chairman Jerome Powell believes that #inflation is the workers' fault, and is intentionally seeking to cause layoffs so that pay scales get reduced.

While shortages persist and residential real estate prices are still high, price inflation will persist, even in the absence of genuine currency inflation ... I don't know that #The_Fed has any tools that could have a focused impact on housing prices. Most of them are very general, and wielding them tends to be not enough until it is too much.