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U.S. stimulus needs housing effort, New York Fed’s Tracy says

Posted on 28 September 2011

Any success for government efforts to stimulate the economy will be limited unless policies are combined with steps to aid the housing market, according to Federal Reserve Bank of New York economist Joseph Tracy.
“We need to fold in some pretty serious housing policies at the same time, not just to get housing going, but to get the full benefit of all these policies,” Tracy said today at a conference hosted by the New York State Society of Certified Public Accountants. “That would be very complementary.”………………………………………Full Article: Source


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