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

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."

Comments (4)
  • phildevoyd
    , contributor
    Comments (184) | Send Message
    As odd as this sounds, what is needed for a housing recovery is a raise in interest rates. Why? Because the spreads for lending are too small, and because borrowers will jump at housing, when they believe their payments will go up if they wait.
    12 Apr 2012, 04:54 PM Reply Like
  • montanamark
    , contributor
    Comments (1452) | Send Message
    so slowly but surely they are realizing the answer to a zero interest rate, debt crazed problem, is not more, zero interest rates and ponzi debt
    12 Apr 2012, 05:20 PM Reply Like
    , contributor
    Comments (10765) | Send Message
    Heck....that's exactly what the Bernankster said last August in Jackson Hole. He told the government it was time for "fiscal" policy to step up and do it's work.
    12 Apr 2012, 06:25 PM Reply Like
  • into dark shadows
    , contributor
    Comments (453) | Send Message
    With the level of incompetence foisted on the American working man / woman to date, the fed could have sent EVERY homeowner a check for $50,000 and a check for $25,000 to EVERY taxpayer and we would have HAD a better chance of a recovery by now!
    We need to DELEVERAGE!
    As a country, as a people!
    Can you get that through your brain buckets already?
    12 Apr 2012, 07:06 PM Reply Like
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