While immediate declines in mortgage rates have caused many to speculate on Brexit's effect, Stanley Fischer is taking a wait-and-see stance.
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Fed’s No. 2: Housing a Factor in ‘Disappointing’ Recovery
Speaking at a conference in Sweden Monday morning, Stanley Fischer, vice chairman of the Fed and former governor of the Bank of Israel, admitted that the global recovery from the recession has been disappointing at best, noting that economic growth among the world's most advanced economies has underperformed compared to previous post-recessionary periods.
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