Fed Chair says removing troubled assets from institutions’ balance sheets may be needed to aid financial institutions’ recovery. Bernanke dismissed concerns about the Fed’s balance sheet. Conference Board’s Employment Trends Index fell 1.6 percent in December to 99.6. US could lose 2 million more jobs in 2009 in the face of the 2.6 million jobs lost in 2008, says Conference Board. Obama’s priorities are to use “full arsenal of tools” to get credit flowing to consumers and businesses; reform oversight of the TARP program and other responses to financial crisis.”]
Source: https://www.bankinfosecurity.com/fed-chair-calls-for-more-bank-bailouts-a-1157