In a Financial Times (FT) on Monday, Eric Rosengren, the President of the Boston Federal Reserve (Fed) said that the US can't afford a ‘boom and bust cycle’ in the housing market.
Additional quotes
You don't want too much exuberance in the housing market.
It's worth paying close attention to what is happening in the housing market.
Not saying that there will be a bust.
Such cycles have occurred multiple times, a source of financial stability concerns.
Market reaction
The US dollar index is holding the higher ground around 91.85, unfazed by the above comments.
