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
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.