US Fed chairman calls for aggressive action to prevent prolonged recession

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US Fed chairman calls for aggressive action to prevent prolonged recession

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03-03-2009, 09:28 PM

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US Fed chairman calls for aggressive action to prevent prolonged recession

Ben Bernanke, Federal Reserve chairman, is calling for aggressive action to stimulate the US economy.Speaking in front of the Senate Budget Committee in Washington, Mr Bernanke said that stabilising financial markets is vital for economic recovery. Mr Bernanke said progress has been made on the financial side since last autumn but more bold action needs [...]

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