“Bernanke Says Fed to Take Necessary Steps on Growth”

“Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank will act as needed to aid financial stability and economic growth after restarting emergency currency-swaps to help contain Europe’s debt crisis.

‘Our ongoing international cooperation sends an important signal to global financial markets that we will take the actions necessary to ensure stability and continued economic recovery,’ Bernanke said today in testimony to a House Budget Committee hearing.” Read more.

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