Bernanke Backs Holistic Approach to Redevelopment

Creating Resilient Communities Federal Reserve Chairman Ben S. Bernanke cites Purpose Built revitalization model.

WASHINGTON (MarketWatch) - Successful government and private strategies to rebuild poor neighborhoods cannot focus narrowly on a single problem, but must address several factors in a coherent way, Federal Reserve Board Chairman Ben Bernanke said Friday. In a speech at a Fed conference on community redevelopment, Bernanke said this holistic approach "is easier said than done."