Stupid econ question:

So it looks like a lot of remaining inflation is rent. In that case, wouldn't you want to lower rates to increase home-building and home-ownership in order to reduce rent pricing?

@ZachWeinersmith In isolation, maybe. In practice, lowering interest rates has other effects. Also, it would take years--home-building is not generally an overnight thing. And home ownership is bad for society, for many reasons. (No, I wouldn't say provocative things. What gives you that idea?)