Fed's Rosengren says U.S. can't afford housing market 'boom and bust' - FT

[June 28, 2021]    (Reuters) - The United States cannot afford a "boom and bust cycle" in the housing market that would threaten financial stability, Boston Federal Reserve Bank President Eric Rosengren told the Financial Times in an interview published on Monday https://on.ft.com/3hcuDzV.

The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo

"It's very important for us to get back to our 2% inflation target but the goal is for that to be sustainable," Rosengren told the newspaper. "And for that to be sustainable, we can't have a boom and bust cycle in something like real estate."

(Reporting by Kanishka Singh in Bengaluru; Editing by Tom Hogue)

[© 2021 Thomson Reuters. All rights reserved.]

Copyright 2021 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.