The housing market is an important component of the economic health of the U.S., and so when the Federal Reserve Chairman, Jerome Powell, announces that the housing market is “picking back up” it is an important and encouraging sign that the economy is growing. This is especially important as the Federal Reserve considers gradual policy tightening or holding the policy rate constant.

Powell has announced the the Fed will proceed cautiously to ensure that U.S. economic growth is sustainable. Included in this decision are the potential impacts on the housing market which are important to consider for potential policy changes.

Key points:
* Housing market is “picking back up”, creating an important and encouraging sign of economic health
* Federal Reserve will proceed carefully when deciding policy rate changes
* Fed is taking the potential impacts of housing market into consideration for policy changes
* Aim to ensure US economic growth is sustainable

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