Fed’s Raskin urges lenders to put housing market before profits

suburbia

Sarah Raskin, a member of the Federal Reserve Board, on Friday called on financial institutions and mortgage lenders to take the moral "high road" and strengthen the "agonisingly slow" recovery by prioritising the housing market over profits.

At a conference in Utah, Raskin said: "Relevant private sector actors need to think beyond their bottom line and focus on how their firms' actions are or are not contributing to the economic recovery. I am convinced that, in order for our economic reconstru

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