That, that is not a time for you to reduce interest rates. But I think desperate times call for desperate measures. And right now in housing, for example, new data came out today. There's just a glut in the housing market because people cannot afford to get into a new home right now. And if you reduce the rates, just a small percentage, you can solve that problem. And I think that and other large purchases, I think that would be a big thing for the economy. (10:45–10:51)
CLAIM
Asserts that there is a glut in the housing market due to affordability issues.
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