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Bernanke says housing gains lag in poorer areas

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says housing remains depressed in many low-income neighborhoods even though the overall home market is making gains.

Bernanke is urging a broad approach to the problem that seeks to improve education and jobs for lower-income Americans, in addition to housing.

The Fed chairman says any solutions will have to be tailored to whether a low-income neighborhood is urban, suburban or rural.

He is speaking at an annual Fed community affairs conference. Bernanke didn't address the Fed's interest-rate policies.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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