Powell: ‘Housing market faces some really significant challenges’ that a 25-basis-point rate cut won’t resolve

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Most Read from Fast Company After announcing another 25-basis-point cut to the Federal Reserve’s short-term rate, Fed Chair Jerome Powell—whose term ends on May 15, 2026—was asked about the U.S. housing market. Powell acknowledged that recent rate cuts won’t restore affordability to the U.S. housing market. He suggested that the country needs to build more housing units—and noted that cen ...