0 minute readFederal Reserve Chairman Ben Bernanke said rising wages will probably spur household spending in the next few quarters, even as weak job gains drag down consumer confidence. While the US has “a considerable way to go” for a full recovery, “rising demand from households and businesses should help sustain growth,” Bernanke said today in a speech in Charleston, South Carolina. “We are maintaining strong monetary policy support for the recovery,” he said in response to an audience question, without discussing any further action the Fed could take to aid growth.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Taylor Morrison names Mike Carlo Sarasota division president
Taylor Morrison appointed Mike Carlo president of its Sarasota division, citing his 25-plus years in homebuilding. The division operates 7 communities and plans 2 Esplanade additions, including Wellen Park and Cammaray in Lakewood Ranch.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
