### Comment:
Aren't housing and debt not actually reasons? Tariff talk is just a circle jerk. 
  
 Housing 
 Suggesting it's too high; higher rates mean more costly mortgages which in turn drive demand to lower housing costs. 
  
 Existing debt 
 With a raise in interest rates, existing APY becomes more palatable.

### REPLY:
Not according to J.Powell. Go back and read what he has said is included in the data they review. To answer OP's question, all you have to do is look at what Powell said he concerns were previously.

### END.