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Housing recovery to take few more years: Geithner
May 25, 2011 / 1:02 PM / in 7 years

Housing recovery to take few more years: Geithner

WASHINGTON (Reuters) - It will take several more years for the housing market to completely recover, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

<p>Treasury Secretary Timothy Geithner is pictured at a briefing on the Social Security and Medicare Trustee reports released at the Treasury Department in Washington, May 13, 2011. REUTERS/Jason Reed</p>

“We’re sort of three or four years into the housing repair, you could say,” Geithner told Politico in a live interview.

“But we’ve got several more years to go. Again just realistically I think it’s going to take time still to heal that,” Geithner said.

Geithner also said the United States “absolutely” has a jobs crisis, noting that unemployment remains very high and will come down “too slowly for everybody.”

Reporting by Doug Palmer; Editing by Chizu Nomiyama

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