Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.
More Quotes from Franklin Raines:
The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.Franklin Raines
And so the danger for the housing industry is if we see interest rates rise.
Franklin Raines
We are in favor of having the most accurate measure of inflation possible, in order to index those various programs, and we are trying to measure what the real cost-of-living changes are,
Franklin Raines
Based on the presentation that we heard today, there are more issues then the last time we sat down, ... It fails to target tax relief on middle incomes as the president's approach would do.
Franklin Raines
That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this.
Franklin Raines
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
Franklin Raines
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Based on Topics: Business & Commerce Quotes, Tax QuotesBased on Keywords: lowered, mortgages, refinancing
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