Federal Reserve chairman Ben Bernanke said banks across the country are systematically denying loan requests from financially credible small businesses. In a speech last week, he urged banks to lend to to small businesses, saying they are “crucial to America’s recovery.”
federal reserve
FED Pledges Low Interest Rates for "Extended Period"
Federal Reserve officials repeated their pledge to keep the main interest rate near zero for an “extended period” and confirmed that emergency measures to prop up the housing market will end as planned this month. For more on growth outlook and retail sales — Read more…
Federal Reserve Survey Shows Economic Improvement
Of 12 districts the Fed surveys nationwide for economic conditions, 9 showed improvement, 2 had mixed results and just 1 remained sluggish. Read the regional descriptions of the “Beige Book.” Read more…
