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ben bernanke, financial crisis
(Image from article: "Bernanke says U.S. should cut budget deficit")

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US Federal Reserve 'underestimated financial crisis'

The Fed

The US Federal Reserve may have underestimated the looming 2007 global financial crisis, released transcripts from its meetings that year have shown. The documents suggested Fed Governor Ben Bernanke wanted to hold off from addressing rising panic in the markets.

 

Bernanke says U.S. should cut budget deficit

Bernanke says U.S. should cut budget deficit

The United States must reduce its budget deficit and Asian nations must encourage more consumption to prevent a recurrence of the global imbalances that contributed to the financial crisis, Federal Reserve Chairman Ben Bernanke said Monday.

 

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