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In this AEI Events Podcast, Jay Powell of the Board of Governors of the Federal Reserve System joins AEI’s Stephen D. Oliner to discuss the critical need to reform the housing finance system. During his remarks, Governor Powell emphasizes the potential systemic risk from a housing finance system that continues to be dominated by two large institutions, Fannie Mae and Freddie Mac, both of which remain in conservatorship today.
He also identifies a set of principles that should guide reform efforts, without favoring one specific plan over others. Governor Powell concludes by highlighting the need to move forward with the best feasible plan that would draw bipartisan support instead of holding out for the perfect solution.
This event took place on July 6, 2017.
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Published in: Domestic Policy, Economics