- FED’s Bernanke: “Housing is an impediment to economic growth and is curbing spending; housing overhang hurts communities”
Market news
10 February 2012
FED’s Bernanke: “Housing is an impediment to economic growth and is curbing spending; housing overhang hurts communities”
Tight mortgage credit also is hurting the Fed's efforts to cut long rates.
Fed has a "keen interest" in housing, demand's constrained by high unemployment and lack of credit esp to first-time buyers.
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