Tag Archives: Missing housing recovery hurts the economy: Bernanke

Federal ReserveChairman Ben Bernanke told lawmakers a recovery minus housing growth is hurting the American economy. While testifying in front of a congressional committee, Bernanke acknowledged today’s slow recovery is significantly different from the pro-growth period that followed the early 1980s recession. Bernanke told lawmakers there are key differences in the two recovery periods — one of them being the absence of a housing recovery after the post-2009 recessionary period. Comparatively, other post-recession cycles — including the 1980s upswing — were accompanied by improvements in housing activity. The Fed Chair […]