Speaking on Thursday, Bernanke said: "We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks."
The chances of the credit crunch impacting the real economy had increased with the publication of recent data, Bernanke said. "Incoming inform
- EC’s Cyprus ‘failure’ undermined Eurozone central bank independence – Demetriades
- Reserve management practices are splintering
- Female regulators increase stability of the financial system, IMF paper finds
- Booming US economy set against ‘fragile’ markets – BIS review
- Caputo quits as Argentina central bank chief