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my colleagues and I understand the hardship that high inflation is causing and we are strongly committed to Bringing inflation back down to our two percent goal over the past year weve taken forceful actions to tighten the stance of monetary policy weve covered a lot of ground and the full effects of our rapid tightening so far are yet to be felt all right here we go fellow Americans you just heard it yourself Jay Powell just announced that we have yet to feel the full effects of the FED raising interest rates in an attempt to tame inflation so what will this mean for our economy and for my audience here what will this mean for home prices and home rent prices has millions of home buyers are sitting once again on the sidelines waiting for home prices to come down to a more affordable level and this comes just after a not even a full year of home buyers frantically trying to buy a home going to bat outbidding one another to buy an overpriced home then if they were the highest overpay