This is not an optimal currency zone

Yahoo: Along with the housing recovery has come a steep climb in home values and ever-weakening affordability.

Tight supply in markets across the nation has only exacerbated the price pinch. There are, however, plenty of housing markets that offer both affordability and lavish living. As more jobs become flexible in where they need to be located, affordable markets could become more attractive and better investments.

As a basis of comparison, the national average listing price of a four-bedroom, two bathroom home is $302,632, according to a new report from Coldwell Banker Real Estate. In the nation's most expensive market, Newport Beach, California, that same home will list for $2.3 million. In the least expensive market, Cleveland , Ohio, it will list for $74,502.

OK, a standard, large home varies by a ratio of 50 across the economy!  To think the Fed will guide us to a stable inflation rate under these conditions is impossible. This is Magic Walrus nonsense, only a Kanosian fraud would believe it.