Markets "far from normal": Fed

Ben Bernanke, the chairman of the Federal Reserve, has stressed that "conditions in financial markets are still far from normal", although liquidity in several market segments has improved and the central bank's interventions have helped to relieve stress.

Speaking via video link to an audience at a conference organised by the Bank for International Settlements, Bernanke said the Fed would expand its liquidity facilities, including its term auctions, if problems continued in the financial mark