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Testifying on the state of the economy before the Joint Economic Committee in Washington D.C., Fed Chairman Ben Bernanke said there are "grave threats" to financial stability in the U.S. Bernanke warned that downside risks to the economy and upside risks to inflation are of significant concern...
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In additional, prepared comments that were not published prior to delivery, Fed Chairman Ben Bernanke clarified exactly why the Treasury needs to take such extraordinary action to save the financial market. Bernanke said there are complex securities worth billions of dollars, but pricing them is not...
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Difficulties in the financial markets should be addressed through the private sector whenever possible, and government assistance should only be given when the stability of the financial system as a whole is at risk, said Federal Reserve Chairman Ben Bernanke on Tuesday before the Banking, Housing, and...
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Congress needs to act swiftly to address the financial market turmoil and not drag the process of passing legislation with unnecessary provisions, Fed Chairman Ben Bernanke and U.S. Treasury Secretary Henry Paulson told lawmakers on Tuesday in prepared remarks. "As you know, the U.S. economy continues...