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Fannie Mae's Economic & Strategic Research Group’s March 2016 Economic and Housing Outlook, growth in the economy will likely remain flat at 2.0 percent this year.
The report noted that growth in financial markets such as stocks, U.S. dollar, and oil prices, has not been enough to offset the flatness in economic growth, nor raise the gross domestic product figure. This, in turn, could mean negative implications in the housing market for the rest of the year.
Republicans have always been critical of the controversial Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, but lately they have turned up the heat with their criticism as the Obama Administration winds down. Representative Blaine Luetkemeyer, a senior member of the House Financial Services Committee, told the American Bankers Association that they need to quote find a way to neuter close quote Senator Elizabeth Warren.
