No one Fed Bailouts. The economy is improving slowly because of the sluggish housing crisis and yes, Europe has to be watched. Is this like the third time he has said the same thing?
Basically, steady as she goes.
...“The situation (click here) in Europe poses significant risks to the U.S. financial system and economy and must be monitored closely,” Bernanke said today in testimony to the Joint Economic Committee in Washington. “As always, the Federal Reserve remains prepared to take action as needed to protect the U.S. financial system and economy in the event that financial stresses escalate.”...
