Busted: Bankers and The Global Economy

January 12, 2008

Fed Declares U.S. Market Volatile

Filed under: banking, federal reserve, government, money, security — Tags: , , , , , , , , — digitaleconomy @ 3:17 pm

“Since late last summer, the financial markets in the United States and in a number of other industrialized countries have been under considerable strain. The turmoil has affected the prospects for the broader economy, principally through its effects on the availability and terms of credit to households and businesses… These interactions have produced a volatile situation that has made forecasting the course of the economy even more difficult than usual.”
~ Fed Chairman Ben S. Bernanke, January 10, 2008

Financial Markets, the Economic Outlook, and Monetary Policy

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