Mortgage rates at 18%? That’s what we got the last time a president strong-armed the Fed

Mortgage & Real Estate

The National Bureau of Economic Research has weighed in one of the most chilling questions to arise in decades on the usually dry topic of monetary policy: If a U.S. president tries to strong-arm the Fed with public name-calling and derision on Twitter, can it work? The answer, according to NBER, is yes.