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Thursday, February 22, 2007

Yellen on Housing

SF Fed's Yellen on the housing problem:

"The bottom line for housing is that the concerns we used to hear about the possibility of a devastating collapse—one that might be big enough to cause a recession in the U.S. economy—while not fully allayed have diminished. Moreover, while the future for housing activity remains uncertain, I think there is a reasonable chance that housing is in the process of stabilizing, which would mean that it would put a considerably smaller drag on the economy going forward."

1 comment:

Joe H said...

The link doesn't seem to work.