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Bernanke: We're Laying the Groundwork for Recovery

Posted on October 14, 2008

Ben Bernanke:We're Laying the Groundwork for Recovery, by Ben Bernanke, Commentary, WSJ: ...Over the past year, the Federal Reserve has actively used all its powers and authority to try to help our economy through this difficult time. Central banks around the world have also consulted closely and cooperated in unprecedented ways... We will continue to do so. However, clearly the time had come for a more comprehensive and broad-based solution. History teaches us that government engagement in times of severe financial crisis often arrives very late, usually at a point at which most financial ins...

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