Core Viewpoint - The current housing crisis in the U.S. is attributed to high mortgage rates and rising home prices, with former President Trump blaming Federal Reserve Chairman Jerome Powell for not lowering interest rates, which he claims is making homes unaffordable for Americans [1][4][10] Group 1: Housing Market Conditions - The median home price in the U.S. has surpassed $400,000, while mortgage rates are maintained at 6%-7%, severely limiting the purchasing power of average families [1] - The average price of single-family homes has increased from $320,000 in 2022 to $480,000, with down payment requirements rising from 10% to 25% [4] - The National Association of Realtors reports a 23% year-over-year decline in existing home sales for Q2 2025, marking the worst performance since the 2008 financial crisis [4] Group 2: Economic Implications - Trump's assertion that high interest rates are costing American families $3,600 annually overlooks the impact of tariffs imposed during his administration, which contribute significantly to housing costs [4][6] - The U.S. Treasury has issued $12.3 trillion in debt in the first nine months of the fiscal year 2025, averaging $40 billion in daily borrowing, with interest payments exceeding military spending for 18 consecutive months [4][10] Group 3: Federal Reserve and Political Pressure - Powell faces pressure from Trump and political entities, while core commodity inflation has risen to 3.8%, partly due to tariffs on imported goods [6] - If the Federal Reserve succumbs to political pressure and lowers interest rates, it could trigger a crisis in the dollar system, as the share of U.S. dollars in global central bank reserves has dropped from 59% in 2020 to 52% [7][10] - The potential for a significant inversion of the U.S. Treasury yield curve could increase systemic risks if the divergence between White House and Federal Reserve policies continues for over six months [6]