Whatever might have once been thought about the existence of a ‘Greenspan put,’ stock market, investors could not have endured the experience of the last five years in the United States and concluded that they...

The same considerations apply to homeowners. All else being equal, interest rates are higher now than they would be were real estate valuations less lofty, and if real estate prices begin to erode, homeowners should...

At this juncture, given the apparent strength in demand and the narrowing margin on unused resources, I am focused on making sure that inflation and inflation expectations remain well anchored. I do not know how...

If the past is any guide, the effect of rising interest rates is likely to be felt most visibly in housing markets.