Bernanke Says Economy Needs More Time To Heal

Bernanke says economy needs more time to heal

WASHINGTON (Reuters) - The U.S. economy is not fully recovered from its deep recession with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech on the importance of community development.

Sections:  news   business   
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • French election: Macron and Le Pen through to presidential run off, results show
    "It is time to liberate the French people ... hard to reassure a divided country that he has what it takes to reform the euro zone's second-largest economy, which is only starting to pick up speed after five years of anaemic growth.
    04/23/2017 - 4:25 pm | View Link
  • After 2 years in the doldrums, economies in the Americas are back on the road to growth
    Every time we think we’ve got it figured out ... Ecuador ended 2016, with a $6 billion fiscal deficit and, according to ECLAC, an economy that shrank by 2.1 percent. And while Correa boasts about the country’s relatively low public debt, analysts ...
    04/23/2017 - 1:00 pm | View Link
  • Flight Review: Iberia (A340-600) Premium Economy From New York to Madrid
    Considering the last-minute one-way premium economy ticket was running $3,153, I had conceivably scored a value of 12.02 cents per Avios on my redemption. But, there wasn’t much time to celebrate. At the time of ticketing, I had less than four hours ...
    04/21/2017 - 7:25 am | View Link
  • Brian Fallow: Time to end the tax experiment, to ease property pressure?
    A Southlander happily transplanted to Wellington, he has been a journalist since 1984 and has covered the economy and related areas of public policy for the Herald since 1995. Why the economy? Because it is where we all live and because the forces at work ...
    04/20/2017 - 12:40 pm | View Link
  • Employers are having a harder time finding skilled people to hire, Fed says
    The economy expanded at a moderate pace ... A New Hampshire contact said the low inventory situation and rising prices were "particularly hard on first-time buyers struggling to get into the market." In general, contacts saw no remedy for ongoing declines ...
    04/19/2017 - 11:00 am | View Link
  • More
  • Ben Bernanke
    Bernanke wrote about his time as chairman of the Federal Reserve in his 2015 book, ... "Skills, Ownership, and Economic Security", Ben Bernanke, July 12, 2005, ...
    04/15/2017 - 11:57 am | View Website
  • Ben Bernanke News
    Ben Bernanke - The latest news about Ben Bernanke from the WSJ Real Time Economics Blog. Economic insight and analysis from The Wall Street Journal.
    04/11/2017 - 8:09 pm | View Website
  • Ben Bernanke: An Insider’s Take on the Economy
    Ben Bernanke shared his insights on the economy at the CFA Society Boston’s 31st Annual Market Dinner.
    02/14/2017 - 6:56 pm | View Website
  • The Fed’s shifting perspective on the economy and its ...
    Ben Bernanke discusses the Fed’s shifting views of the economy, and how that shift is influencing Fed policy and communication.
    08/7/2016 - 7:54 pm | View Website
  • Ben Bernanke: Slow productivity growth is weighing on US ...
    Bernanke: No hurry to ... Bernanke said slow productivity growth is weighing on the economy, ... the risk is that ordinary interest rates will be low all the time. ...
    10/5/2015 - 7:28 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News