Could Winter Be Blamed for the Slowing Economy?

Could our winter weather be slowing down the economy? Federal Reserve Chairman Janet Yellen told the Senate Banking Committee that the economic data shows a slowdown in spending. But she says she wants a firmer grip on the data to see if the winter weather has anything to do with it or if it is the Fed’s policy of scaling back monetary easing.

A slowing economy could mean a slower housing market. Senator Dan Heller (R-NV) represents one of the hardest hit housing market areas. He questioned Yellen on the progress of getting back to a normal economy.

House Financial Services with Yellen