Obama-Era Economic Advisor Warns Ending Fed Independence Could Lead to 'Higher' Mortgage Rates: How High? — 'That Depends On...'

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University of Michigan economist and former Obama White House advisor Betsey Stevenson issued a stark warning about the consequences of ending the Federal Reserve's independence.

What Happened: On Monday, in a post on X, Stevenson suggested that mortgage rates could rise significantly if the markets lose faith in the central bank’s ability to manage inflation.