Bernanke Delivers Two Speeches This Week

Federal Reserve Chairman Ben Bernanke has a busy public schedule this week.

On Wednesday, Bernanke talks about Economic Challenges: Past, Present, and Future At the Dallas Regional Chamber, Dallas, Texas at 1:30 p.m. EDT

On Thursday, Bernanke speaks about Economic Policy: Lessons from History
At the Center for the Study of the Presidency and Congress’ 43rd Annual Alexander Hamilton Awards Dinner, Washington, D.C. 8:30 p.m. EDT

Also this week, on Tuesday FOMC Minutes of the Meeting of March 16, 2010 are scheduled to be released at 2:00 p.m. EDT.

On Thursday, Vice Chairman Donald L. Kohn delivers a speech on the Economic Outlook At the Federal Reserve Bank of San Francisco Community Leaders Luncheon, San Francisco, California at 4 p.m. EDT.

Fed Vice Chairman Kohn: "More Resilent Financial System Is Going To Take Awhile"

In a speech in Washington D.C. at the Brookings Panel on Economic Activity, federal Reserve Vice Chairman Donald L. Kohn warned, "that restraint on credit supplies is likely to persist because intermediaries have some way to go to rebuild their balance sheets. The process of adjustment to a safer, more resilient financial system is going to take a while."

He also stated that he encouraged that the pace of declines in housing prices abating in a number of markets. However, partly owing to the feedback of price declines on lenders, mortgage conditions have tightened some since the late spring, and the jury is still out on whether housing prices are close to finding a bottom.

-EPJ Frontdesk