Delaware Mortgage Loans – Market Update – January 10, 2008
In his first speech on the economy since the December 11th Open Market Committee meeting Fed Chairman Bernanke said today, in light of recent changes in the outlook for risk and growth, additional policy easing may be necessary. He went on to say, Based on that evaluation, and consistent without a dual mandate (control inflation and promote economic growth), we stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks.
Mr. Bernanke made a point of reminding his audience that, financial and economic conditions can change quickly. Consequently, the Committee must remain exceptionally alert and flexible, prepared to act in a decisive and timely manner and, in particular, to counter any adverse dynamics that might threaten economic or financial stability.