Bloomberg News

Fed’s Bullard Sees Long, Slow Process to Get Housing Back

October 19, 2011

Oct. 19 (Bloomberg) -- James Bullard, president of the Federal Reserve Bank of St. Louis, said that “it is going to be a long slow process to get residential construction back.”

Bullard, speaking in an interview today on Bloomberg television, also said the real estate difficulties were contributing to low investment.

To contact the reporter on this story: Steve Matthews in Atlanta at smatthews@bloomberg.net

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net


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