Bernanke warns markets threaten weak U.S. economy

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Bernanke warns markets threaten weak U.S. economy
Oluşturulma Tarihi: Eylül 24, 2008 17:07

U.S. Federal Reserve Chairman Ben Bernanke on Wednesday said global financial markets were under "extraordinary stress" and threatening an already weak U.S. economy as he offered his bleakest outlook since a credit crisis set in last year.

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"The intensification of financial stress in recent weeks, which will make lenders still more cautious about extending credit to households and business, could prove a significant further drag on growth," Bernanke said in comments prepared for delivery to the congressional Joint Economic Committee.

"The downside risks to the outlook thus remain a significant concern," he said, as he urged lawmakers to move quickly to put a $700 billion bailout proposal for financial firms in place.

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