Bernanke calls for more lending to troubled areas

[DJ13]

Friday April 29, 2011

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke on Friday called for more lending to people and small businesses in lower-income neighborhoods, saying they've been disproportionately hurt by the recession.

Many of the nation's poorest communities were struggling before the downturn, Bernanke said at Fed conference on community development in Arlington, Va.

The recession officially ended two years ago. Bernanke said the national economy is growing at a moderate pace and that job creation is gradually improving, repeating comments he made earlier this week at a news conference after the Fed's policy meeting.

But the unemployment rate remains high. For many poor and working-class Americans, it doesn't feel like a recovery....

http://finance.yahoo.com/news/Bernanke-calls-for-more-apf-903773241.html?x=0&sec=topStories&pos=main&asset=&ccode=

[aquart]

1. What an utter ass.