Federal Reserve Board member Kevin Warsh expressed wariness about the Fed’s willingness to purchase more mortgage debt or government bonds to boost the economy if it falters, an idea that has emerged amidst worries about the recovery’s sustainability. “Any judgment to expand the balance sheet further should be subject to strict scrutiny,” Warsh said Monday in a speech in Atlanta.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio