Fed's Kohn: Few worries over housing, auto bubble

Newswire

By Jonathan Nicholson WASHINGTON, Feb 28 (Reuters) - Federal Reserve governor Donald Kohn said late on Friday there was little reason to worry that current low interest rates may cause a potential bubble in the rate-sensitive housing and auto markets. "The rise in housing prices and the increase in household investment in houses and consumer durables do not appear out of line with what might be expected in the current environment of low interest rates and continuing growth in real ...

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