Bernanke open to further rate cuts
By By James Politi in Washington
Published: February 14 2008 16:44 Last updated: February 14 2008 16:44
Ben Bernanke, chairman of the US Federal Reserve, on Thursday signalled a willingness to continue pursuing interest rate cuts to tackle the US economic slowdown, though he envisioned an “improving picture” over the course of this year.
Speaking to the Senate banking committee, Mr Bernanke said the US central bank would “act in a timely manner as needed to support growth and to provide adequate insurance against downside risk.”