Bernanke says housing to remain ‘drag’ on growth

Federal Reserve Chairman Ben S. Bernanke said the housing industry’s contraction will be a “significant drag” on U.S. growth into next year, though evidence of a broader impact on spending is limited. “It remains too early to assess the extent to which household and business spending will be affected,” Bernanke said in a speech to the ...

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Bernanke says housing to remain ‘drag’ on growth

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