Bernanke to give Congress economic update (AP)

Bernanke defends Bear Stearns rescue (AP)
AP - Federal Reserve Chairman Ben Bernanke says the central bank moved to assist troubled investment bank Bear Stearns to protect the U.S. economy against severe consequences.

Bernanke: Recession possible, growth to rebound (Reuters)
Reuters - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy could face a mild recession but that growth should pick up as the impact of aggressive interest rates cuts...

Bernanke warns of possible recession (AP)
AP - Federal Reserve Chairman Ben Bernanke warned Congress on Wednesday that the economy may shrink over the first half of this year, which would signal the start of a recession. Yet, he...

Bernanke: Economy could shrink in 1st half 2008 (Reuters)
Reuters - The U.S. economy could contract in the first half of this year but should then pick up as aggressive interest rate cuts stimulate growth and financial and housing market woes...

Wall Street stocks to rally at opening (AP)
AP - Wall Street was poised to rally once more at Wednesday's opening ahead of Federal Reserve Chairman Ben Bernanke's scheduled address before Congress.