A mix of over-regulation and Federal Reserve missteps could imperil the housing industry and the financial services companies that depend on it, according to a report.
As U.S. central bankers convene in Jackson Hole, Wyoming, to hear Fed Chair Janet Yellen’s updated description of the American economy, the Kroll Bond Rating Agency said that today’s market is very different from the one in which the Fed committed to zero-percent interest rates. The market has shifted substantially, but regulations and policymakers aren’t keeping the pace.
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