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. 

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