Industry News

Bernanke leaves door open for Dec. 11 rate cut

Fed chair, deputy hint that further action justified
Published on Nov 30, 2007

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by CareyBot

Federal Reserve Chairman Ben Bernanke said Thursday that the Fed must remain “exceptionally alert and flexible” in its monetary policy decisions, and warned that renewed turbulence in financial markets “partially reversed” improvements in September and October. Bernanke’s comments echoed those ...