Summary Box: Fed chief says goal is getting loans flowing more to small businesses
By APThursday, June 3, 2010
Summary Box: Spurring credit to sound borrowers
THE TASK AHEAD: Federal regulators are working to make sure that loans flow more normally to creditworthy businesses, says Federal Reserve Chairman Ben Bernanke.
OPENING THE SPIGOT: Small businesses rely on bank loans to expand operations and hire. They usually help drive job creation during recoveries but credit clogs have hurt hiring.
WHY THAT MATTERS: Doing so will help the economic recovery, Bernanke says.
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