Fed's Fischer: Housing market not overheated

BOSTON (MarketWatch) - The housing market is not overheated, but it would be useful if the U.S. central bank was given new tools to target housing finance if a bubble was building, said Federal Reserve Vice Chairman Stanley Fischer, on Friday. In a speech at a Boston Fed conference on financial stability, Fischer noted that the Bank of England has a number of tools unavailable to the Fed, including limits on loan-to-value and debt-to-income ratios for mortgage lending. Overall, Fischer said he did not see "acute risks to financial stability in the near term." Because the U.S. toolkit to......(read more)

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