Bernanke backs more small-business lending

05/6/2010 | USA Today ·

Federal Reserve Chairman Ben Bernanke urged regulators to help banks pick up lending, especially to creditworthy small-business owners, in order to speed economic recovery. "What we need to do is find a balance that makes economic sense where the banks are making good loans that they expect to be repaid, but are not so conservative and so restrictive that they turn away borrowers with whom they may have long-term relationships," the Fed chief said in prepared remarks for a Chicago banking conference.

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