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Bernanke Defends Fed’s Liquidity Measures
The U.S. Federal Reserve will make sure the global financial markets have sufficient liquidity to operate effectively and will increase the size of its government bond auctions if additional capital is needed, central bank Chairman Ben S. Bernanke said today (Tuesday).
Speaking via satellite at the Atlanta Financial Markets Conference in Sea Island, Georgia, the Fed chairman said he sees some signs of improvement in the financial markets, but noted that “at this stage conditions in financial markets are still far from normal.”
In his speech, Bernanke outlined the steps the central bank has taken to help mitigate a credit…
13May2008 | Money Morning | Comments Off | Continued
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