Philadelphia Fed President Patrick Harker said in an article, “inflation is far too high across most goods and services in our economy. But I find shelter inflation, along with food inflation, particularly alarming…. We must do everything we can to get shelter inflation under control.”
“Monetary policy has a role to play here, and the Federal Reserve is working to stabilize inflation and put the economy on a firmer footing for the long haul,” he said. “But getting shelter inflation under control will require action not just by the Fed, but also by federal, state, and local governments.”
