Bernanke Backs Calls for Quick Action

The Fed chairman endorses "substantive" rate cuts and congressional efforts for rapid economic stimulus. Critics say it's too little, too late

Federal Reserve Chairman Ben Bernanke threw his support behind quick and temporary tax breaks, combined with the possibility of "substantive" rate cuts, in testimony before Congress. But he did little to reassure Wall Street the central bank has the wherewithal to steer the U.S. economy out of a possible recession.

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