Federal Reserve policymakers expect the slumping housing market to restrain U.S. economic growth this year and next, as more Americans fall behind in their mortgage payments and lose their homes to foreclosure, Chairman Ben S. Bernanke told Congress yesterday. -
Housing's Hurt Spoils His View
Federal Reserve policymakers expect the slumping housing market to restrain U.S. economic growth this year and next, as more Americans fall behind in their mortgage payments and lose their homes to foreclosure, Chairman Ben S. Bernanke told Congress yesterday.-
By Nell Henderson