That must be a wild and crazy convention, world central bankers meet. I bet they’ll all go out to watch American mud wrestling after the afternoon sessions.

Housing is a major topic at meeting of central bankers.

Mr Mishkin’s strongest claim, however, is that ” monetary authorities have the tools to limit the negative effects on the economy from a house price decline”

It’s nice to know that some people believe the Fed can ease the impact of falling home prices.