Fed credibility at risk, warn commentators

Economic commentators have largely slammed the raft of measures that the Federal Reserve has introduced over the past ten days.

The Fed has pledged hundreds of billions in funds since 7 March aimed at staving off the collapse of one of Wall Street's most venerable institutions , tempering rising interbank rates, and thawing markets for products such as mortgage-backed securities.

However, the measures have garnered little support in the mainstream press with Ben Bernanke, the chairman of the

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