HW Conversation: Fed Bank of Dallas Chief keeps strong stance against QE3
Fisher believes housing is now at the bottom and expects nothing more other than a slow real estate recovery.
As for low interest rates, Bernanke has committed to keeping the federal funds rate near zero through 2014—a sentiment that Fisher doesn't entirely agree with. However, he noted it's important to remember the near-zero suggestion through 2014 is not a definitive promise. Even though Bernanke suggested rates would likely remain in the zero-range for the next two years, it is not a promise, just a basic roadmap, Fisher suggested.
Fisher also discussed the need for policymakers in Washington D.C. to create certainty in the economy on everything from taxes to healthcare and overall fiscal policy.
Nonprofits — the Cuyahoga Land Bank, NeighborWorks America, Rebuilding Together, the National Association of Hispanic Real Estate Professionals, PCV|VRM Seeds of Hope and many more local organizations — are investing significant resources to improve America’s most vulnerable housing markets.