The Fed's efforts to fight housing inflation by hiking interest rates has backfired, Cramer says
Rate hikes have done nothing to stem increasing housing prices, and in fact may have made things worse, Cramer said.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: The Fed's efforts to fight housing inflation by hiking interest rates has backfired, Cramer says

### Response: Rate hikes have done nothing to stem increasing housing prices, and in fact may have made things worse, Cramer said.