US Housing Market Is 'Stuck,' BlackRock's Rieder Says

We've heard the president argue that the reason rate should come down also is because the economy is doing well and things like the housing market. Are you saying that you agree with the president on that front. And if that's the case, what's the risk that the long and continues to rise and doesn't solve the problem that rate cuts are supposed to address.So it's a great question. So the first thing I would say, the housing market is stuck. Whether it's building permits, mortgage applications, new home sales ...