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- Fed's Williams: "Current economic conditions call for a stronger Fed response"
Fed's Williams: "Current economic conditions call for a stronger Fed response"
Weak overall demand requires support from the Fed's policies
Purchases of mortgage bonds have supported the housing market
Fiscal measures can also help revive the housing market in life, to support the economy
Fiscal stimulus now could be more effective monetary policy
The situation in the housing market hurt the economy, but this is not the only reason for the slow recovery
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