In separate speeches, the Fed officials -- William Dudley, the president of the New York Federal Reserve Bank; Fed Governor Elizabeth Duke; and Eric Rosengren, president of the Boston Fed -- warned that the fragile housing sector threatens to derail a U.S. recovery.
Their remarks came even as a robust government jobs report provided fresh evidence that the recovery is gaining.
The push for action came two days after the Fed entered the thorny debate over how to use the two main government-run mortgage finance firms, Fannie Mae and Freddie Mac, to turn around the housing market.
The housing sector was at the heart of the financial crisis and recession and has continued to hamper the recovery.
A 33 percent decline in U.S. housing prices since 2006 has resulted in an estimated $7 trillion loss of household wealth, and about 12 million U.S. homeowners are currently underwater on their mortgages.
Policymakers need to consider more action to kick-start housing and to help the country's "frustratingly slow" economic recovery and "unacceptably high" unemployment, Dudley said in a speech in New Jersey.
Monetary policy should work to complement actions by other U.S. government policymakers, which together could help to stabilize home prices and turn around the housing market within a year or two under good conditions, he said.
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