Bernanke Says Headwinds to Restrain Pace of Growth
Nov. 16 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said economic “headwinds” of reduced bank lending and a weak labor market will probably restrain the pace of the U.S. economic recovery, warranting continued low borrowing costs. “Significant economic challenges remain,” Bernanke said in a speech today to the Economic Club of New York. “The…