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Bernanke: Financial turmoil in markets easing



By Jeannine Aversa
13 May 2008 @ 08:20 am EST

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says turmoil in financial markets has eased, but the situation is still not back to normal.


Bernanke
In this April 3, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington.(AP Photos/Susan Walsh, File)
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The central bank has taken a number of unconventional steps, especially since March, when the credit crisis intensified, to help banks and big investment firms overcome problems and try to get credit flowing more freely again.

Bernanke, in prepared remarks Tuesday, says those efforts appear to be paying off and "have contributed to some improvement in financing markets."

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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