Bessent says Trump administration will tackle high housing costs with new measures [View all]

Source: Reuters via Yahoo Finance

President Donald Trump's administration plans new measures to tackle the high cost of housing in the coming weeks, U.S. Treasury Secretary Scott Bessent told Reuters in an interview on Monday.

Emphasizing the urgency of the situation, Bessent described it as an "all hands on deck" challenge.

Bessent told the Washington Examiner in a separate interview that Trump may declare a national housing emergency this fall to address rising prices and dwindling supply.

The housing market has been hardest hit by the U.S. central bank's tight monetary policy stance and high housing costs are a top concern for many Americans.

https://finance.yahoo.com/news/bessent-says-trump-administration-tackle-205720415.html

Read more: https://finance.yahoo.com/news/bessent-says-trump-administration-tackle-205720415.html

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Coming up next: a "housing emergency" declaration to justify actions this administration is contemplating (forcing the fed to lower interest rates, etc...).