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Fed's Fisher says U.S. housing on 'sustainable rebound' [March 15, 2014] (Reuters) — The U.S. housing sector, whose rise and subsequent crash has made the recovery from the last recession the slowest in decades, now appears to be on a "sustainable rebound," a top Federal Reserve official said. |
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Economic data from 2013, and especially strong
manufacturing, consumer spending and jobs data from the third
quarter, suggest the U.S. recovery is "proceeding steadily,"
Dallas Federal Reserve President Richard Fisher said in a letter
accompanying his bank's annual report, published Friday. Fisher, who votes on Fed policy this year, is one of the U.S.
central bank's most hawkish policymakers, and wants the Fed to
wind down its bond-buying stimulus as quickly as possible. Fed officials meet next week in Washington, and are expected to
continue to reduce the bond-buying program in light of a growing
economy. (Reporting by Ann Saphir; editing by Chris Reese) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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