You have no idea what you're talking about. The Fed didn't send checks, Congress did. Fed has a dual mandate to curb inflation and maximize employment. They hav

You have no idea what you're talking about. The Fed didn't send checks, Congress did. Fed has a dual mandate to curb inflation and maximize employment. They have zero obligation to home buyers or home owners and have never said otherwise. It is entirely up to Congress (and state governments) to manage housing issues. The Fed can't create loans, they can't create housing stock, they can't control supply, they can't control a pandemic, they can't keep investors out of consumer markets. That's all up to legislators. Home prices are rising along with everything else right now and the Fed is almost certainly going to start to tighten very soon, but everything for the past two years and really the past 20 years has been emergency measures against perceived looming disaster. I'd rather deal with high house prices than famine or some other truly existential crisis.