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Bernanke Vows to Combat Mortgage Mess

Fed ready to step in; Wall Street holds out hope for rate cuts

By Wesley Oliver, Newser Staff

Posted Aug 31, 2007 1:07 PM CDT

(Newser) – In his first comments on the subprime mortgage meltdown, Ben Bernanke today vowed the Federal Reserve “will act as needed” to contain the turmoil, preventing it from weakening the broader economy. The Fed chief pledged the central bank would “take additional actions” if... Read full story »

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Bernanke Vows to Combat Mortgage Mess

Fed ready to step in; Wall Street holds out hope for rate cuts

More on Fed's Comments

Opinion and Analysis

Ben Bernanke • Federal Reserve • subprime mortgages • US economy • Federal Housing Administration • credit market • interest rate • federal fund rates • George W. Bush

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