The national economic recovery "clearly has a long way to go" as the weak housing market weighs...

|By:, SA News Editor

The national economic recovery "clearly has a long way to go" as the weak housing market weighs on an unusually slow recovery, Fed Gov. Sarah Bloom Raskin says. Defending Fed actions so far, she adds vaguely that “monetary policy alone may be insufficient to promote a more robust and sustainable improvement in household net worth."