Federal Reserve Bank of Dallas President Richard Fisher (R) testifies alongside FDIC Vice Chair Thomas Hoenig before the House Financial Services Committee hearing on "Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded Bailouts" on Capitol Hill in Washington June 26, 2013. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS) - RTX111V7

Federal Reserve Bank of Dallas President Richard Fisher (R) testifies alongside FDIC Vice Chair Thomas Hoenig before the House Financial Services Committee hearing on "Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded Bailouts" on ... Capitol Hill in Washington June 26, 2013. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS) - RTX111V7 (Reuters)

Fisher Sees New Housing Bubble Signs, Warns of MBS Buys

Politics Reuters

A top Federal Reserve official said on Thursday he is seeing signs of the United States re-entering a "housing bubble," and warned about the U.S. central bank's ongoing purchases of mortgage-based bonds.

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"I'm beginning to see signs not just in my district but across the country that we are entering once again a housing bubble," Dallas Fed President Richard Fisher told reporters. "So that leads me ... to be very cautious about our mortgage-backed securities purchase program."

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