Three top Federal Reserve officials aggressively pushed on Friday for more stimulus for the U.S. housing market, saying the government should be looking at ways to help the sector in order to speed the economic recovery.
In separate speeches, the Fed officials -- William Dudley, the president of the New York Federal Reserve Bank; Fed Governor Elizabeth Duke; and Eric Rosengren, president of the Boston Fed -- warned that the fragile housing sector was impeding a stronger U.S. recovery.
Their remarks came even as a robust jobs report provided fresh evidence that the recovery was gaining.
The push for action came two days after the Fed entered the thorny debate over how to use the two main government-run mortgage finance firms, Fannie Mae and Freddie Mac , to turn around the housing market.
The housing sector was at the heart of the financial crisis and recession and has continued to hamper the recovery.
Read more...Federal Reserve Officials Push For More U.S. Housing Market Stimulus
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