Bernanke: more action needed to cut foreclosures - WKOW 27: Madison, WI Breaking News, Weather and Sports

Bernanke: more action needed to cut foreclosures

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WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke is calling on the government to ramp up efforts to stem home foreclosures that are feeding into the country's deep economic troubles.

  Bernanke says although a flurry of actions have been taken to ease the housing crisis, foreclosures still remain "too high" with adverse consequences for struggling homeowners, squeezed lenders and the broader economy.

  Bernanke says: "More needs to be done."

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