Financial Times FT.com

Bernanke says Fed ready for aggressive cut

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.

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