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In this Real Estate News Brief for the week ending June 4th, 2022... what’s being done about inflation, how inflation is impacting homebuyers, and why lumber prices are actually falling. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week, and lots of talk about inflation. President Biden launched a new effort last week to tackle inflation. As reported by the Washington Post, he was apparently fuming to aides that not enough was being done to control inflation. That turned into a flurry of activity to get the ball rolling and send a positive message to the American people. He met with both Federal Reserve Chief Jerome Powell and Former Fed Chief Janet Yellen in the Oval Office, and said in a public address that fighting inflation was his top economic priority. (1) President Biden also published an op-ed piece for the Wall Street Journal outlining a three-part strategy fo