• Fed will do what it can for housing recovery
  • Tight lenders may be thwarting creditworthy borrowers
  • Weak housing ‘a powerful headwind to recovery’

Did he dust this speech off from 3 years ago? Housing is one of the only things the recovery has going for it at the moment.

In any case, nothing of substance here. We’ll watch the Q&A to see if he comments on QE4 (or QE 3.1, whatever you want to call it).