Fed’s Fischer: House prices rising globally due to extended period of low interest rates
|Federal Reserve (Fed) Vice Chairman Stanley Fischer was on the wires last minutes, via Reuters, making a scheduled speech at the Riksbank macro prudential conference, in Amsterdam.
Key Quotes:
"House prices are now high and rising in several countries, perhaps as a result of extended period of low interest rates."
The Federal House Administration is "now the dominant providers of mortgage financing."
"There is more to be done" to strengthen the resilience of the housing finance systems.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.