Former President Trump has criticized the Federal Reserve, claiming high interest rates are hindering homeownership. However, the housing affordability crisis is more complex than just Fed policy. Factors such as supply chain issues, increased material costs, and local zoning regulations also contribute to rising home prices. While interest rates do impact mortgage affordability, blaming the Fed alone overlooks a multifaceted problem requiring a comprehensive approach involving government policies, construction industry innovation, and addressing supply shortages.