Housing Not as Important as Fed Thinks: Shepherdson

May 8 (Bloomberg) -- Ian Shepherdson, chief economist at Pantheon Macroeconomics, discusses Janet Yellen’s worries about the U.S. housing market and what he thinks the Fed should focus on in the economic recovery on Bloomberg Television’s “Bloomberg Surveillance.”

What Did Fed's Janet Yellen Accomplish Today?
21:54 - Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. JPMorgan Asset Management's Philip Camporeale speaks on "Bloomberg Markets." (Source: Bloomberg)
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