I'm interested to hear how these impacts are being felt in New England. The availability and affordability of housing are critical for families and for communities seeking to attract  1/2  BIS - Central bankers' speeches  new jobs and the workers to fill those new employment opportunities.
Distinguishing between the short-term effects of the pandemic and longer-term structural shifts in the economy is crucial in making the near-term policy decisions to achieve our dualmandate goals. In the near term, higher interest rates intended to lower inflation work most directly in the housing market.