Bernanke Maintains Cautiously Optimistic Tone
Mose Farber - March 9, 2009
As the state of the declining global economy worsens, the world turns to the American economic powerhouse for direction. With the Obama administration’s promises of recovery, transparency and accountability for the economy, much of the burden falls onto the shoulders of the Federal Reserve Chairman Ben Bernanke. The Fed, which sets the nation’s monetary policy and regulates banks, is immersed in trying to keep the U.S. financial system from cratering.
Today, Bernanke attended President Obama’s daily economic briefing to work on solving the increasing array of economic problems, and tomorrow he will set out his plan for regulating the banks in a speech at the Council on Foreign Relations.