Zach WeinersmithStupid 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?
Ben Atkinson, PhD@ZachWeinersmith Rates do need to be lowered, but I believe the best approach is to build more affordable housing. I do not totally oppose rent controls in the very short term while the housing is built, but such regulations without increased housing supply would only make the shortages worse in the long run.