Tuesday, January 4, 2011

VIDEO: Ben BigMistake Bernanke Sees No Risks Of Big US Bank Failures



Banks supervised by the Federal Reserve are in "strong capital positions" and don't appear to be at risk for failure, Federal Reserve Chairman Ben Bernanke said Thursday. "At this point we don't see any imminent risk of any insolvencies," Bernanke said, responding to a question from Sen. Richard Shelby, R-Ala., during a Senate hearing. In testimony, Bernanke said the central bank was ready to cut interest rates further if fresh signs of a weaker-than-expected U.S. economy emerge.

No comments:

Post a Comment