"The ongoing fall in house prices has important implications for the
financial markets, and it is one reason that we may continue to get
troubling news from that part of the economy."
When Janet Yellen speaks, people listen. The president and chief executive officer of the Federal Reserve Bank of San Francisco spoke in San Diego yesterday about rising oil and food prices, the falling values in the housing market and the backlash in a "fragile" financial markets.
If you're looking for a sobering good overall look at where all this mess stands at this moment, this is a good speech for it. Photo credit: UC Berkeley
When Janet Yellen speaks, people listen. The president and chief executive officer of the Federal Reserve Bank of San Francisco spoke in San Diego yesterday about rising oil and food prices, the falling values in the housing market and the backlash in a "fragile" financial markets.If you're looking for a sobering good overall look at where all this mess stands at this moment, this is a good speech for it. Photo credit: UC Berkeley
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