Bernanke opens door to Fed cutting rates - Economy in Turmoil- msnbc.com: "WASHINGTON - Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country’s current economic performance but also could prolong the pain.
The Fed chief’s more gloomy assessment appeared to open the door wider to an interest rate cut on or before Oct. 28-29, the central bank’s next meeting, to brace the wobbly economy."
And then the Dow fell 500+ pts. Probably would have had a more bracing effect if he'd talked about inflation and talked about what his buddy over in the Treasury Department was doing to help the commercial paper market. IMHO
