Federal Reserve Governor Calls For Complete Housing Finance System Overhaul
Federal Reserve Governor Jerome Powell stated that the time for housing finance reform is now, in a recent speech at a conference in Washington. According to a CNBC report, Powell believes that the current status of the industry is unstable and wants to prevent another taxpayer bailout. Like Virginia Democrat Mark Warner and Tennessee Republican Bob Corker, Powell suggested introducing more competition in the market. Read more from Powell's statement by clicking on the photo.