Investor Says Fed ‘Single-Handedly’ Killed US Housing Market

Grant Cardone says the U.S. central bank chief Jerome Powell should ’step away' and allow the market to correct itself.

Grant Cardone attends Art Basel on the Rooftop at Braman Miami in Miami, Florida, on Dec. 1, 2021. Romain Maurice/Getty Images for Haute Living

Real estate investor Grant Cardone has said the U.S. Federal Reserve has “single-handedly” crushed the housing market by raising interest rates, causing significant problems for both buyers and sellers in the United States.

Mr. Cardone, a renowned investor and private equity fund manager, said in a “FOX & Friends” interview on Dec. 14 that home-ownership has become unaffordable for many people in the United States today.