Bernanke: Housing Headed For A Safe Landing...

Bernanke: Housing headed for a safe landing, from MSNBC, reports that Fed Chairman Ben Bernanke stated that the nations housing market appears to be headed for a safe landing in a speech he delivered on banking in Chicago yesterday. "Our assessment at this point... is that this looks to be a very orderly and moderate kind of cooling," Bernanke stated. One of the things that Bernanke and his Fed colleagues are keeping close tabs on is the extent to which the cooling housing market will slow overall economic activity, which is expected to slow down in the months ahead. Bernanke did not discuss the future course of interest rates in his speech, but the Fed is leaving its options wide open in terms of future rate decisions. It suggested that another rate increase could be possible if inflation worsens.



http://www.msnbc.msn.com/id/12852744/