Fed's Bullard: "Re-formation of bubble in the housing market is unrealistic and undesirable"

Market news

24 February 2012

Fed's Bullard: "Re-formation of bubble in the housing market is unrealistic and undesirable"

Boost the economy "back to trend" will not be very effective
Politicians are not used to recessions, when debt levels are too high
"The fiasco of the housing market" may deter "generation" of potential buyers
Quantitative easing has generally been deemed effective
Rebalancing the housing market is likely to be "long process"

US stocks rose: Dow 12,996.45 +11.76 +0.09%, Nasdaq 2,964.91 +7.93 +0.27%, S&P 500 1,367.12 +3.66 +0.27%

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