Poole on recent developments in housing markets

In the speech 'Recent developments in housing markets: A national and local perspective' given on 8 March William Poole of the Federal Reserve Bank of St. Louis said the U.S. housing sector may already be cooling but it should level off at high levels and not undermine the country's economic expansion.

"My hunch ... is that housing activity will stabilize and remain at a high level this year," Poole told the Regional Chamber and Growth Association at a breakfast meeting.

"I base this forecast on

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