WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke says housing remains depressed in many low-income neighborhoods even though the overall home market is making gains.
Bernanke is urging a broad approach to the problem that seeks to improve education and jobs for lower-income Americans, in addition to housing.
The Fed chairman says any solutions will have to be tailored to whether a low-income neighborhood is urban, suburban or rural.
He is speaking at an annual Fed community affairs conference. Bernanke didn’t address the Fed’s interest-rate policies.