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    Bernanke: Fed to do all it can to combat crisis (UPDATED)

    HotNewsTurkey Staff
    03.10.2008 - 20:59 | Son Güncelleme:

    Here is the full text of Fed Chairman Ben Bernanke's statement after the U.S. House of Representatives approved the 700-billion-dollars Wall Street rescue plan.

    "I applaud the action taken by the Congress. It demonstrates the government's commitment to do what it takes to support and strengthen our economy. The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted flow of credit to households and businesses.

    The Federal Reserve will continue to work closely with the Treasury as it undertakes these new initiatives. We will continue to use all of the powers at our disposal to mitigate credit market disruptions and to foster a strong, vibrant economy."



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