Fed's Rosengren says U.S. can't afford housing market 'boom and bust' - FT

Reuters2021-06-28

June 28 (Reuters) - The United States cannot afford a "boom and bust cycle" in the housing market that would threaten financial stability, Boston Federal Reserve Bank President Eric Rosengren told the Financial Times in an interview published on Monday

"It's very important for us to get back to our 2% inflation target but the goal is for that to be sustainable," Rosengren told the newspaper. "And for that to be sustainable, we can't have a boom and bust cycle in something like real estate."

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Comments

  • SvdB
    2021-06-28
    SvdB
    Good read
  • IsaacYap90
    2021-06-28
    IsaacYap90
    "It's very important for us to get back to our 2% inflation target but the goal is for that to be sustainable," Rosengren told the newspaper. 
  • dre123
    2021-06-28
    dre123
    nice
    • IsaacYap90: 
      "It's very important for us to get back to our 2% inflation target but the goal is for that to be sustainable," Rosengren told the newspaper.
  • ckww
    2021-06-28
    ckww
    Hopefully the disaster don't happen, as it could be very serious and by printing more USD may not be able to bail themselves out from the trouble. 
    • ckww: 
      I do agree too.
    • 佳佳JJ: 
      Yes
    • IsaacYap90: 
      "It's very important for us to get back to our 2% inflation target but the goal is for that to be sustainable," Rosengren told the newspaper.
  • Cluded
    2021-06-28
    Cluded
    Hh
    • IsaacYap90: 
      "It's very important for us to get back to our 2% inflation target but the goal is for that to be sustainable," Rosengren told the newspaper.
    • spin37gy: 
      Ii
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