Tag Archives: Housing Still Have Long Way to Go

High unemployment persists and the European debt crisis continues to threaten the economic recovery, Federal Reserve Chairman Ben Bernanke told the Congressional Joint Economic Committee yesterday. The real estate market also continues to serve as “another drag” on recovery, he noted. But the Fed chairman likely will not push more stimulus programs when the Fed’s policy-making committee meets June 19 and 20, according to media reports. Instead, Bernanke pushed Congress to do more to help stimulate the economy. For the Fed’s part, Bernanke said it will continue to keep short-term […]