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.
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