Main Street feeling financial turmoil: Bernanke

Painting a bleak picture of the American economic landscape, Ben Bernanke, the chairman of the Federal Reserve, warned US lawmakers on Wednesday that events on Wall Street were beginning to impact the real economy.

Politicians and regional Fed presidents have clashed with the Federal Reserve Board and the Treasury over their proposals to alleviate financial stress, arguing that the measures represent a bailout for millionaire bankers at the expense of the average American taxpayer. But Bernan