Federal Reserve Chairman Ben Bernanke told U.S. lawmakers that the central bank is ready to do more to help a U.S. economy and he was ready to take more steps to help the fragile recovery.
The Fed's latest step to help the U.S. economy should bring down long-term interest rates by about 20 basis points, or a fifth of a percentage point, Mr. Bernanke said. That's roughly equivalent to cutting the Fed's benchmark short-term rates by half a point
Wall St cuts losses on Bernanke, can Nifty and world be able to do so amidst all odds….!!