Ben Bernanke says Fed could assist economy
When Fed Chair Ben Bernanke called the economic outlook “unusually uncertain” on Wednesday, markets reacted by taking a dive. When Bernanke returned to the House Financial Services Committee on Thursday, he amended his previous statement and said that the Federal Reserve was open to assisting the economy if necessary. This helped the stock market rally after the previous day’s dip.
Louise Story, Wall Street and finance reporter for The New York Times, reports on what the Fed can do to help the economy.
Without federal support, local stations, especially in rural and underserved areas, face deep cuts or even closure. Vital public service alerts, news, storytelling, and programming like The World will be impacted. The World has weathered many storms, and we remain steadfast in our commitment to being your trusted source for human-centered international news, shared with integrity and care. We believe public media is about truth and access for all. As an independent, nonprofit newsroom, we aren’t controlled by billionaire owners or corporations. We are sustained by listeners like you.
Now more than ever, we need your help to support our global reporting work and power the future of The World.