Bernanke says some economic problems may persist

Bernanke says that economic problems such as depressed housing may persist into next year
 

Martin Crutsinger, AP Economics Writer, On Wednesday June 22, 2011, 2:44 pm EDT

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke says some of the problems that are slowing the economy could persist into next year.
Bernanke says at a news conference that the slowdown could be due, in part, to the troubled housing market and other factors that will continue to depress growth in 2012.
He says "maybe some of the headwinds that are concerning us, like the weakness in financial sector, problems in the housing sector -- some may be stronger and more persistent than we thought.