Only if the Fed raises interest rates - and since that will crash the stock market and make government debt unpayable, they don’t dare. Housing (and grocery) prices reflect the true weakness of the dollar. If they try to shore up the dollar, they crash everything else. The Fed is completely screwed…
“make government debt unpayable”
That is exactly what a friend said...we cannot pull a 1980’s style David Stockman raising of interest rates to kill inflation because government debt is so much larger now.