Bernanke urges strong measures for lasting economic recovery

U.S. Federal Reserve Bank Chairman Ben Bernanke delivers a speech at the London School of Economics in central London January 13, 2009.(Xinhua/Reuters Photo) Photo Gallery>>>

    LONDON, Jan. 13 (Xinhua) -- U.S. Fed Chairman Bernanke said in a speech given here on Tuesday that fiscal actions are unlikely to promote a lasting recovery unless they are accompanied by strong measures to further stabilize and strengthen the financial system.

    He said that the Fed will do its part to promote economic recovery, but other policy measures will be needed as well. The incoming Administration and the Congress are currently discussing a substantial fiscal package that, if enacted, could provide a significant boost to economic activity. Full story