At first glance, Kevin Warsh’s nomination as the next Federal Reserve chair could be interpreted as a signal that benchmark interest rates may fall — potentially offering some relief on housing affordability as President Donald Trump and his administration have repeatedly pressured Jerome Powell and other Fed officials to move in that direction.

Housing industry experts, however, are taking a more cautious view of Warsh’s term — which would begin in May if he is confirmed by the Senate — and its implications for the broader market. Persistent tensions within the Fed’s dual mandate — price stability details ⇒

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