mortgage crsis

Bernanke Opens Door to Steep Cuts

By BRIAN BLACKSTONE
January 10, 2008 12:43 p.m.

Federal Reserve Chairman Ben Bernanke opened the door to aggressive interest-rate reductions, saying downside risks to the economy "have become more pronounced."

His remarks support Wall Street's expectation that officials will lower the fed funds rate by as much as one-half percentage point when they meet at the end of this month.

Vested Interest: 
Many companies in the market
Stock Symbol: ^DJI Dow Jones Industr Stock Price: $8429.53 Todays Change: -399.51 (-4.52%)