The Beggars Come Begging

The economy is so bad that now the White-Collar beggars are coming to Washington. Just this week, the housing industry, led by their main lobbies which include National Association of Homebuilders, Mortgage Bankers Association, and the National Association of Realtors, have all come together urging Powell not to raise anymore rates.

Their specific concerns were as follows: “to convey profound concern shared among our collective memberships that ongoing market uncertainty about the Fed’s rate path is contributing to recent interest rate hikes and volatility.” Their final plea was not to…