Get your summer on
Article posted: 11/15/2012 1:49 PM

Bernanke: Banks’ tight standards hurting economy

Buy this photo Buy this photo
Gallery Image

Federal Reserve Chairman Ben Bernanke said the Fed will use its policy tools to speed economic growth and a recovery in housing, which faces obstacles ranging from too-tight lending rules to racial discrimination.

ASSOCIATED PRESS

About this Article

Federal Reserve Chairman Ben Bernanke said Thursday that banks' overly tight lending standards may be holding back the U.S. economy by preventing creditworthy borrowers from buying homes.