Bernanke: Economy weakening, Fed ready to help

Federal Reserve Board Chairman Ben told the Senate

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Federal Reserve Board Chairman Ben told the Senate Banking Committee on July 17, 2012 that the U.S. economy has weakened and the Federal Reserve is ready to take further action to bolster growth if conditions don't improve. (June 20, 2012) (Credit: AP)

WASHINGTON -- The U.S. economy has weakened and the Federal Reserve is ready to take further action to bolster growth if conditions don't improve, Chairman Ben Bernanke told a congressional panel Tuesday. But Bernanke provided no clues about what steps the Fed might take or whether any action was imminent.

Investors were hoping Bernanke would signal the Fed was ready to launch another round...

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