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CNBC - Former Federal Reserve governor speaks about low mortgage rates
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From : TheRealDealNews
Added: Jun 17, 2009
Frederic Miskin, former Federal Reserve Board governor and professor at Columbia University, discussed the importance of keeping mortgage rates low with Andy Serwer, and CNBCs Rick Santeli, and Steve Leisman this morning on Squawk Box this morning. Miskin stressed the importance of keeping the Federal Reserve separate from government intervention, preventing inflation, and preventing the demand for housing from falling even lower. If the treasury dumps debts on markets, this will lead to higher interest rates, which will lead to higher mortgage rates, which will then cause a decrease in demand for both housing and lower housing prices, which can impact the overall financial system, said Mishkin. And while he says it is important for the Federal Reserve to maintain independence, he thinks fiscal policy should be amended in order to keep mortgage rates low. The monetary policy now should keep mortgage rates low, but it cant without help from the federal government, said Mishkin.
Category : News
Added: Jun 17, 2009
Frederic Miskin, former Federal Reserve Board governor and professor at Columbia University, discussed the importance of keeping mortgage rates low with Andy Serwer, and CNBCs Rick Santeli, and Steve Leisman this morning on Squawk Box this morning. Miskin stressed the importance of keeping the Federal Reserve separate from government intervention, preventing inflation, and preventing the demand for housing from falling even lower. If the treasury dumps debts on markets, this will lead to higher interest rates, which will lead to higher mortgage rates, which will then cause a decrease in demand for both housing and lower housing prices, which can impact the overall financial system, said Mishkin. And while he says it is important for the Federal Reserve to maintain independence, he thinks fiscal policy should be amended in order to keep mortgage rates low. The monetary policy now should keep mortgage rates low, but it cant without help from the federal government, said Mishkin.
Category : News
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