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

Published 06/28/2021, 12:18 AM
Updated 06/28/2021, 12:20 AM
© Reuters. FILE PHOTO: The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo

© Reuters. FILE PHOTO: The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo

© Reuters. FILE PHOTO: The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo

(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 https://on.ft.com/3hcuDzV.

"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."

Latest comments

Yawn, he doesnt have a vote in FOMC. It is just noise like a few days ago when non voting members came out hawkish, which fool traders for a day.
Should have thought about creating bubbles everywhere when you guys printed 30% of all USD ever in existence in 2019-2020 alone.
Too late.. the Fed has taken the cocaine operation too far.. boxed into a corner . Can't even talk about tapering. The market is an addict and will get violent if the Fed tries to lower the dosage.
Tragic to see the Fed leading the world economies to certain collapse and social upheaval.
The rich gets richer and has nothing to buy but properties and arts!
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