Bernanke: Financial crisis taking toll on economy (AP)

Courtesy Ytop stories  Fri, 08/22/2008 - 10:45am

In this July 16, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee hearing on Capitol Hill in Washington.<br /><br />The Fed's handling of the credit, financial and housing debacles — which have badly burned the economy — is likely to spur debate at a high-profile conference beginning Thursday, Aug. 21, 2008, in Jackson Hole, Wyo.<br /><br />(AP Photo/Susan Walsh, file)AP - Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country — coupled with higher inflation — is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability.




 

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