The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting.
Although the housing market's recovery appears sustained, there are ongoing reasons for concern, Federal Reserve Governor Elizabeth Duke said in a recent speech. A tight mortgage-lending market is among her concerns.
The Federal Reserve's most recent survey of bank senior loan officers indicates that lending policies are easing and loan demand is increasing. One of the key drivers behind the easing of standards is increasing competition among banks, the survey shows.
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