The economy is likely to experience continued growth next year but there are some "important headwinds" that will "prevent the expansion from being as robust as we would hope," Federal Reserve Chairman Ben Bernanke said today.
In a speech to the Economic Club of New York Bernanke said constrained lending and sluggish job growth are sources of concern in the months ahead.
He said the Fed will continue to maintain programs that help improve the flow of credit and have been encouraging financial institutions to work with borrowers to restructure troubled commercial real estate loans in a "prudent manner."
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