US Federal Reserve chair urges banks to help small businesses - KWWL - Eastern Iowa Breaking News, Weather, Closings

US Federal Reserve chair urges banks to help small businesses

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WASHINGTON, D.C. (KWWL) -

Federal Reserve Chairman Ben Bernanke says small businesses are struggling to get loans more than two years after the recession ended.  He says banks could help them by easing overly tight lending standards.

Bernanke says the Fed has been holding training sessions to ensure that banks are meeting the needs of credit worthy business borrowers while maintaining appropriate lending standards.  Many small businesses have complained that their banks have made it too hard to get loans.

Bernanke's remarks came at the start of a two-day conference the Federal Reserve is sponsoring on helping small businesses.

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