Housing Market, Federal Reserve Chairman | featured news

Documents show how Fed missed housing bust

Ben Bernanke

Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy....

 

Bernanke calls long-term unemployment a national crisis and urges more help from Congress

Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is a “national crisis” and suggested that Congress should take further action to combat it. He also said lawmakers should provide more help to the battered housing industry.

 

Subscribe to this RSS topic: Syndicate content