Industry News

Bernanke: Housing will continue to drag U.S. economy

Fed chief says uncertainty remains over credit availability, cost
Published on Oct 16, 2007

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by CareyBot

The housing slump is expected to stymie U.S. economic growth through early 2008, Federal Reserve Chairman Ben S. Bernanke said during a speech Monday at the Economic Club of New York. “A further sharp contraction in residential construction seemed likely ...