*  *  *  The view expressed today are my own and not necessarily those of the Federal Reserve System or the FOMC. Highlights •  President Charles Plosser gives his views on the sustainable improvement in housing in the context of a broader economic recovery. He also discusses the Fed’s monetary policy issues, including forward guidance.
•  President Plosser is optimistic about the housing recovery. He believes that even though sales have leveled off recently, prices are still rising, and fundamentals remain sound, including stronger household formation, solid job growth, and consumers with stronger balance sheets. •  He thinks that the U.S. economy is on firmer footing today than it has been in several years.