Fed chief issues stark outlook

01/11/2008 | Wall Street Journal, The · NYTimes.com

Federal Reserve Chairman Ben S. Bernanke offered a bleak assessment of the U.S. economy's performance. The central bank was ready to take "substantive additional actions," he said. Many analysts say they believe the Fed will cut its key interest rate by half a percentage point, to 3.75%, late this month and continue cutting for several months. Read the full text of Bernanke's speech.

View Full Article in:

Wall Street Journal, The · NYTimes.com

Published in Brief: