My understanding is that the Federal reserve's FOMC (I think this stands for federal open market commission) sets a policy interest rate - the rate at which the Federal Reserve lends money to large for-profit banks - with the intention of keeping an inflation measure called Core PCE near 2% and and keeping unemployment as low as it can be without making Core PCE rise a lot. When they raise their policy rates that is supposed to raise interest rates throughout the economy and so make economic activities a bit smaller and less numerous, and when they lower interest rates they hope to do the opposite. AFAIK home rental is a big component in Core PCE, so bringing rents down should be expected to bring Core PCE and Fed policy interest rates down, all else being equal. Would large yimby reforms raise USD interest rates by attracting lots of credit, labor, materials and other inputs and making those inputs more scarce? Would yimby reforms lower USD interest rates by lowering Core PCE and thus policy rates? Do lower interest rates, all else being equal, lower global poverty? Thank you weekend warriors