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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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Comment5

  • SvdB
    ·2021-06-28
    Good read
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  • IsaacYap90
    ·2021-06-28
    "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. 
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  • dre123
    ·2021-06-28
    nice
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    • 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.
      2021-06-28
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  • ckww
    ·2021-06-28
    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. 
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    • ckww
      I do agree too.
      2021-06-29
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    • 佳佳JJ
      Yes
      2021-06-28
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    • 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.
      2021-06-28
      Reply
      Report
  • Cluded
    ·2021-06-28
    Hh
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    • 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.
      2021-06-28
      Reply
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    • spin37gy
      Ii
      2021-06-28
      Reply
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