Federal Reserve Chair Jerome Powell talks at a news conference
Federal Reserve Chair Jerome Powell talks at a news conference.
  • The Federal Reserve aggressively raised interest rates during the pandemic to cool inflation.
  • But the rate hikes caused some mortgage lenders to raise their rates, as well.
  • This has kept housing costs high while supply remains strained.

The Federal Reserve's aggressive inflation-fighting tactics have helped the country recover from the pandemic — but they've also put financial strains on Americans' housing budgets.