WASHINGTON — Not mincing his words, Federal Reserve Chairman Ben S. Bernanke told Congress today that the economy faces "significant challenges," and aren't likely to improve in the short term.
During testimony before the Senate Banking Committee he said the biggest problems are the "sluggish pace" of growth and strains in the financial markets, job growth and the housing market.
He said that a myriad of factors threatened the economy in the months ahead.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
