Fed’s Hoenig: US housing policy badly flawed
Thomas Hoenig, the president of the Kansas City Federal Reserve, on 5 November said less government assistance and greater market discipline was required to mend the United States' ailing housing industry.
At the National Association of Realtors conference in New Orleans, Hoenig said there needed to be "a greatly reduced role for governmental intervention and public subsidies that have distorted the market over recent decades." He said: "The American public, including aspiring homeowners and
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