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In this Real Estate News Brief for the week ending January 14th, 2022... what the Fed is saying about tighter monetary policy, the latest rise in consumer prices, and where mortgage rates are right now. 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 confirmation hearings for Fed Chief Jerome Powell. President Biden nominated him to continue in his role as the central bank’s Chairman. Powell told the Senate Banking Committee that super low interest rates are no longer needed to prop up the economy, and that short-term rates should go higher to control inflation. The Fed has penciled in three rate hikes this year, but Powell says the central bank is prepared to do more, if necessary. It’s a balancing act because hiking rates too much and too fast, could lead us into a recession, and job losses. But Powell believes that rates can go higher without hurting the job