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The U.S. Federal Reserve feels a "great sense of urgency" in getting the housing market back on its feet, a top central bank official said on Thursday.
"A healthy housing sector is critical both to the overall economy and to a sustainable economic recovery," Sandra Pianalto, president of the Federal Reserve Bank of Cleveland told a conference on neighborhood stabilization strategies.
She did not address the outlook for monetary policy in remarks prepared for delivery.
(Reporting by Kristina Cooke; Editing by James Dalgleish)
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