WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says
getting loans flowing more normally to small businesses is key to
bolstering the economic recovery and reducing unemployment.
Bernanke made the comments in prepared remarks to a Fed
conference here exploring ways to help boost lending to small
companies - from pizzerias to start up technology firms.
Small businesses, more so than big companies, rely on bank loans
to expand operations and hire. Small businesses usually help drive
job creation during recoveries but tight credit has hurt hiring.
Bernanke says: "Making credit accessible to sound small
businesses is crucial to our economic recovery" and that "more
must be done."
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