| It's always interesting to see how our very best friends that dwell in the rarified air that is the Federal Reserve, deal with the ways that their policies are affecting those of us who live in the real world.
A speech in June by Janet Yellen, the Vice Chair of the Board of Governors of the Federal Reserve System given to the Federal Reserve Bank of Cleveland Policy Summit does just that. The title of Ms. Yellen's speech is "Housing Market Developments and Their Effects on Low- and Moderate-Income Neighbourhoods", in other words, an examination of the housing markets where most of us live...except those of us that just might happen to be central bankers..............................................Full Article: Source
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