Federal Reserve Surprised by Housing Bust, Transcripts Show
Jan 17th 2012 10:00AM
WASHINGTON -- Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing that the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk that housing posed to the... Continue Reading »
