Fed Says Economic Problems Persist

Submitted by ub on Wed, 06/22/2011 - 19:30

Fed Chairman Ben Bernanke says some of the problems that are slowing the economy could persist into 2012.

Big Ben says the slowdown could be as a result of a troubled housing market and other factors that will continue to depress growth into next year.

He says some of the headwinds that are concerning the market, like the weakness in financial sector, problems in the housing sector may be stronger and more persistent than originally thought.