Click here for the direct NBC News; THINK article Why the Fed is taking a sledgehammer to the housing market January 12th 2023 As the central bank continues to aggressively raise interest rates in its battle to get inflation under control, the housing market is collateral damage. Dec. 14, 2022, 3:13 PM CST By Allan Chernoff, former senior correspondent for CNBC Federal Reserve Chair Jerome Powell and members of his Federal Reserve Board might not be cruel and heartless people, but they are in the process of killing the American dream of home ownership for millions of families. As the central bank continues to aggressively raise interest rates in its battle to get inflation under control, the housing market is collateral damage. Sadly, it didn’t have to be this way. After the Fed raised its benchmark rate on Wednesday for the seventh time this year, it’s likely the dynamic will only get worse. For every percentage point increase in mortgage rates, the number of households who can affo

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