07.10.2008 21:20

Bernanke does not outright promise rate ease

Bernanke does not outright promise rate ease but text is very mkt-soothing. He says mkts are under "extraordinary stress" and this "can take a heavy toll on the broader economy if left unchecked". Says steps being taken now will go far to resolve dislocations; Fed "will continue to use the tools at its disposal to improve mkt functioning and liqudity".






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