That must be a wild and crazy convention, world central bankers meet. I bet they’ll all go out to watch American mud wrestling after the afternoon sessions.
Housing is a major topic at meeting of central bankers.
Mr Mishkin’s strongest claim, however, is that “monetary authorities have the tools to limit the negative effects on the economy from a house price decline”
It’s nice to know that some people believe the Fed can ease the impact of falling home prices.
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