Fed Tries To Offer Economic ReassuranceFederal Reserve Chairman Ben Bernanke warns that it will be a while before the economy can bounce back and that he supports a new stimulus plan from Congress. We examine the specifics.
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson separately addressed the ongoing financial crisis this morning. Bernanke warned that it will be a while before the economy can bounce back, while Paulson explained to reporters how his bank equity program would work. We examine Bernanke's and Paulson's efforts to reassure the country that they've got the economic situation under control.