Bringing The World Home To You

© 2024 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Bernanke Urges Banks to Help Borrowers More

Federal Reserve Chairman Ben Bernanke told a roomful of bankers Tuesday that they need to do more to help troubled borrowers. Banks have been giving borrowers who are about to default more time to make payments and are renegotiating interest rates in some cases, but few banks have considered reducing the principal owed. That's exactly what the Fed chairman suggested they do.

Copyright 2023 NPR. To see more, visit

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
More Stories