Stacie Hartman

The Mortgage Blog of Stacie Hartman

Bernanke Says Economic Recovery Will Be Stronger in 2011

In remarks before the Senate Budget Committee, Federal Reserve Chairman Ben Bernanke said that the rate of economic recovery will be moderately stronger in 2011 than it was in 2010. Bernanke said there is evidence that a self-sustaining recovery in consumer and business spending is taking hold and, though the pace of recovery hasn’t been enough to significantly improve conditions in the labor market, job openings and hiring plans have looked stronger in recent months. Bernanke also addressed weakness in the housing sector, saying that the overhang of vacant houses has weighed heavily on home prices and construction. More here and here.


Filed under: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: