(Reuters) - "But the consequences of the declines in housing activity and house prices, in my view, have so far not derailed the prospect that economic growth will return toward trend at the end of 2007 and in 2008."
Plosser also said that problems in the subprime mortgage market have yet to significantly affect the financial system and that monetary policy should not focus on one particular asset class like housing prices. Subprime loans are extended to borrowers with spotty credit histories.
Read more at Reuters.com Bonds News
Plosser also said that problems in the subprime mortgage market have yet to significantly affect the financial system and that monetary policy should not focus on one particular asset class like housing prices. Subprime loans are extended to borrowers with spotty credit histories.
Read more at Reuters.com Bonds News
No comments:
Post a Comment