Bernanke Tries To Help The Hurt

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Bernanke gave investors a spoonful of sugar to help the medicine of a weakening economy go down easier. “We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks,” he said.

Investors celebrated the possibility of an upcoming rate cut, sending the Dow higher originally, though it didn’t take long for investors to realize this action wouldn’t solve the economy’s problems.