Yesterday, Federal Reserve Board Chairman Ben Bernanke said significant economic challenges remain, according to the
Charlotte Business Journal.
Bank lending is still constrained, economic activity is weak and unemployment is still too high which means interest rates are likely to stay low for an extended period. Also, banks unwilling to loan could slow the recovery by decreasing consumer spending.
The rate for national unemployment in October was 10.2 percent.
Read the full article at the
Charlotte Business Journal, by clicking
here.
