VIDEO: Bernanke Speaks on Fed's Mortgage Plan

Federal Reserve Chairman Ben Bernanke details the Fed's efforts to protect mortgage borrowers.


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Video Part 2



Fed Tries To Stem Crisis, But It May Not Be Enough

Fed Chairman Ben Benrnake is throwing all he’s got at the economy, but it may not be enough to combat both a recession and credit crunch.

Having won praise for their latest two measures to spur lending, Bernanke and company had little time to rest on their laurels. On Friday, the central bank was forced to provide emergency funding to Bear Stearns

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[ Loading... (%) ] , which has been struggling with its large portfolio of mortgage-backed securities.

Sure enough, the latest flare up triggered new speculation about another inter-meeting rate cut, just days before the Fed’s FOMC convenes for its March meeting, where it was already widely expected to slash rates for the third time this year.

And along with the usual question of how big of a cut--one-half, three-quarters, or even a full point, as some clamored for Friday amid the hysteria--there’s another question: Will all the Fed’s moves do any good?

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