Powell’s worst case scenario: falling home prices FOLLOW falling rents. We’re only talking about biggest input to inflation target against which Fed makes policy.

Powell’s worst case scenario: falling home prices FOLLOW falling rents. We’re only talking about biggest input to inflation target against which Fed makes policy. THIS is scenario most likely to play out should GOP retain Senate. If GOP loses, forbearance continues/FHA bailed out https://t.co/CtzbghyGVe

— Danielle DiMartino Booth (@DiMartinoBooth) December 22, 2020