Tesla investor and Gerber Kawasaki CEO Ross Gerber commented on the Federal Reserve’s approach to combating inflation, mocking that making houses unaffordable is their strategy.
What Happened: Gerber responded to a tweet highlighting that homes are now 44% more expensive than they were before the pandemic.
He remarked, “This is the way the Fed beats inflation. Make houses unaffordable…”.
See Also: Federal Reserve’s July Minutes Could Reveal Diverging Views On Interest Rates
Why It Matters: The rising cost of homes is a significant concern for many Americans. The Federal Reserve’s policies have been under scrutiny, with some believing that their actions are exacerbating economic challenges.
Gerber has previously expressed concerns about the U.S. economy’s rapid deceleration and the Federal Reserve’s role in it. He mentioned that the continuous raising of rates puts the economy and the banking system at more risk than necessary.
Read Next: Ross Gerber Says Inflation Is Dead, Fed Is Done: Bye Bye And Go Away
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