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Latest Bernanke Banking Stories

2008-08-22 12:00:09

U.S. Federal Reserve Chairman Ben Bernanke said Friday "the financial storm" hadn't abated but was rippling through the general economy. Speaking at the central bank's annual meeting in Jackson Hole, Wyo., Bernanke said, "the financial storm that reached gale forces Â… has not yet subsided." Bernanke said the "recent decline in commodity prices, as well as the increased stability of the dollar, has been encouraging." The bank, he said, "is committed to achieving medium-term...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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