Timberland Rosen's last two points of view Lacker agreed. He believes that the U.S. economy is now showing more ; and the current mortgage lending standards are too high is the real estate market in the economic recovery was weaker than usual in the role of the important reasons.
the U.S. Federal Reserve Bank of Richmond President Jeffrey Cabrera Kerr January 14, 2011 that the U.S. economy has turned into the summer of 2010 by the difficult. Day, the Federal Reserve Bank of Boston President Eric Rosengren also pointed out that in the U.S. unemployment rate fell to normal levels before the real U.S. economy will be a lack of momentum. Two of them also made the same expected growth rate of the U.S. economy in 2011 will be 3.5 to 4 percent range.
Lacker that the United States an active consumer spending, business investment and strong export demand will be strong economic growth as the status of the housing market may have bottomed out. He stressed: Among them, the long-term spending and tax policies a serious imbalance in the real question is how to take a reasonable manner; he believes there are two solutions, a reliable strategy to take care to prevent or pre-collapse of confidence in the market to take emergency measures under extreme circumstances. Lacker also suggested the government reduce the mortgage debt guarantees.
addition, Rosengren believes that the current dollar level before the financial crisis, roughly, more commodity prices should be attributed to growth in large emerging economies and strong demand, because studies show that in recent years, rising energy prices on overall inflation, the continuing impact of the United States is actually weakened. And Lacker stressed that he remained fairly strong for the dollar's international reserve currency rather optimistic.
the same time, both long time that the U.S. inflation rate will remain at low levels. Rosengren said he was convinced that short-term inflation may still be a very low level; As for the long-term inflation, Lacker is expected in 2011, the U.S. inflation rate will reach 1.5 to 2% or so.
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