Bernanke heeds unemployment effects on housing market

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Ben Bernanke, the chairman of the Federal Reserve, on Friday said the high levels of unemployment experienced in the United States is having a negative impact on the housing market.

At the Federal Reserve Community Affairs Research Conference, in Arlington, Virginia, Bernanke said: "At the national level, the economy is recovering at a moderate pace. In particular, the labour market has been gradually improving and the unemployment rate has declined somewhat. But unemployment remains quite high

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