
Fed's Bullard: Not Feasible,Desirable To Reflate Housing Bubble Friday, February 24, 2012 - 11:36 -- By Vicki Schmelzer NEW YORK (MNI) - The U.S. housing market continues to faces significant "headwinds, St. Louis Federal Reserve Bank President James Bullard said Friday. Bullard offered his observations on a piece "Housing, Monetary Policy and the Recovery," co-authored by Michael Feroli, chief U.S. economist at JPMorgan Chase, Ethan Harris, co-head of global economic research at Bank of America Merrill Lynch, Amir Sufi, professor of finance at The University of Chicago Booth School of Business, and Kenneth West, professor of economics at the University of Wisconsin, which was presented at the Forum, sponsored by the Chicago Booth School of Business. "The authors counsel that…[READ MORE]