John B. Taylor: “I would characterize it as they held interest rates too low for too…”

On the recordJuly 9, 2014

I would characterize it as they held interest rates too low for too long in that period, and that caused excesses in the housing market.

Said by

South Carolina

Source

Taylor attributes the housing market excesses to prolonged low interest rates.

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John B. Taylor: “I would characterize it as they held interest rates too low for too long in that period, and that caused excesses in the…”