Fed says student debt has prevented 400,000 young Americans from buying homes and may help explain why many college graduates have moved out of rural areas
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Student debt has prevented hundreds of thousands of millennials from buying homes, Fed saysMounting student debt has weighed on homeownership among young Americans, the Federal Reserve said in a new report.
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Student debt has kept home ownership out of reach for 400,000 young families, Fed reportsA new Federal Reserve report blames student debt for blocking many young families from owning homes. Avocado toast expenditures were not mentioned.
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Student loan debt is keeping young people from buying homes, Fed study findsHome ownership among those in the 24-to-32 group plunged from 45 percent to 36 percent for the period in the Fed survey.
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Former Dallas Fed President: Fed will focus on real economy, not markets'They will adjust, they will be flexible, they will be patient,' Fmr. Dallas Fed President Richard Fisher said he doesn't understand why the market is so nervous about Fed policy decisions. 'This is standard Federal Reserve rhetoric.'
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US labor market tightens, wages grow moderately, Fed saysLabor markets tightened across the U.S. as businesses struggled to find workers at any skill level and wages generally grew moderately.
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Fed Chairman Powell says he is 'very worried' about growing amount of U.S. debt'I'm very worried about it.' Fed chair Jerome Powell said that he is concerned about the ballooning debt in the U.S. 'It's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face.'
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Fed Chairman Powell says he is 'very worried' about growing amount of US debt'I'm very worried about it.' Fed chair Jerome Powell said yesterday that he is concerned about the ballooning debt in the U.S. 'It's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face.'
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Fed hasn't focused enough on financial system fragility, says former FDIC chairFormer Federal Deposit Insurance Corporation Chair Sheila Bair says the Fed should be building bank capital buffers now while the economy is still strong. She added that 'corporate debt is a particular problem now.' Here's why:
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