PREVIEW

... price volatility in the United States is within a healthy range. The impact on the subprime mortgage market does not exceed $100 million in damages.”

After reading the news on his mobile phone, William Chen didn't know what to say.

In fact, it is not that the Fed is unaware of the danger posed by the continuous rise in housing prices. The continuous rise in mortgage interest rates is the result of their intervention. Since 2006, the Fed has raised interest rates on loans 19 times ...

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