Fed Rate Cut Possible This Week -- Bernanke Is Weighing Effects On Economy

Summary

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WASHINGTON - The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week.

In recent speeches, Fed policymakers have stressed that the country is going through a period marked by a high degree of economic uncertainty. Given that, Bernanke and his fellow policymakers have kept their options open about the Fed's next move.

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Fed Rate Cut Possible This Week -- Bernanke Is Weighing Effects On Economy

Since cutting a key rate last month for the first time in just over four years, Fed policymakers hav...

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