In a dramatic change of tone, Ben Bernanke on Thursday indicated that the Federal Reserve is ready to cut interest rates aggressively to ward off the risk of a US recession, sending stocks soaring.
US
By Krishna Guha in Washington
Published: January 10 2008 18:09 | Last updated: January 10 2008 18:09
In a dramatic change of tone, Ben Bernanke on Thursday indicated that the Federal Reserve is ready to cut interest rates aggressively to ward off the risk of a US recession, sending stocks soaring.