“Federal Reserve Chairman Ben Bernanke said that many businesses and consumers are finding it easier to borrow as banks shore up their balance sheets.
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Federal Reserve Chairman Ben Bernanke.
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Speaking by teleconference from Washington, he noted that the capital and liquidity positions of banks have been strengthened but he also said home mortgage lending continues to be very tight.
Bernanke said home mortgage credit outstanding with banks has contracted about 13 percent from its peak.
In response to criticism that regulators have made it difficult to lend, Bernanke said the Fed is taking a “balanced approach” in supervising banks.”
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