Bernanke on Housing, Housing Finance, and Monetary Policy

Summary of Bernanke Speech in Jackson Hole
The text of FOMC Chairman Ben Bernanke’s speech is now online.
U.S. President Bush is on deck to “announce at 11:10 a.m. in Washington that the Federal Housing Administration, which insures mortgages for low- and middle-income borrowers, will guarantee loans for delinquent borrowers, allowing them to avoid foreclosure and refinance at more favorable rates, according to an administration official, who spoke on condition of anonymity.”