Don’t Let the Economic Blues Beat You Down
September 25th, 2007
By Angela Baca
In a 8/31/07 address to the Federal Reserve Bank of Kansas City’s Economic Symposium, Chairman Ben Bernanke said: “Sales of new and existing homes have declined significantly from their mid-2005 peaks…The cutback in residential construction has directly reduced the annual rate of U.S. economic growth about 3/4 percentage point on average over the past year and a half…” Read more…
