UM: Ben Bernanke

The Wall Street Journal is among several national news organizations that reported on Federal Reserve chairman Ben Bernanke’s lecture and Q&A on Jan. 14 at the University of Michigan’s Ford School of Public Policy. From the report: “The Fed chairman cited bright spots for the economy, including the energy boom that is lifting output in some states, an improving housing market and resilient consumer confidence. He defended the effect of Fed policies on the economy. The programs helped drive down long-term interest rates to support growth, he said, as evident from ‘incredibly low’ mortgage rates. That, he added, was a factor making housing more affordable and helping the sector recover.” [Source]