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Forex News: Bernanke worried about banking, will lower growth forecasts

Posted by Greg Michalowski on Thu, 02/14/2008 - 11:22am in

Bernanke has indicated that the Fed forecasts due next week will show slower growth than prior forecasts.  Says Fannie Mae and Freddie Mac need to raise more capital.  More than likely more subprime writedowns by banks.  Fed concern is ability of banks to offer credit.