The weak housing market is weighing on the economy’s unusually slow recovery, Federal Reserve Gov. Sarah Bloom Raskin said in remarks prepared for a speech on Thursday.
While some recent data have shown the pace of the economic recovery could be picking up, “the national economic recovery clearly has a long way to go,” Raskin said in a speech prepared for business and community leaders at the San Francisco Fed’s Los Angeles branch………………………………………..Full Article: Source