More measures are needed to combat the credit crunch and provide additional liquidity to the financial system, according to Fed Chairman Ben Bernanke in a speech Tuesday to the London School of Economics. Bernanke argued that, "more capital injections and guarantees may become necessary to ensure...
Federal Reserve Governor Randall Kroszner said that small businesses are having a difficult time in accessing credit given the current economic environment. Testifying before the U.S. House Small Business Committee in Washington, DC, Kroszner said that credit to small businesses has tightened substantially...