The turbulent events in financial markets over the past week are sure to raise speculation that Federal Reserve chief Ben Bernanke gave Congress a nod or a wink about a rate cut as he pressed them to act swiftly to pass the $700 billion bailout of financial firms.
It will probably never be known if there ever was such a nod or a wink - closed doors being closed doors after all.
But it will probably be the talk of late night conversations of Fed watchers for years.
In his two appearances in public before Congress this week, Bernanke certainly painted a grim outlook on the downside risks facing the economy
It will probably never be known if there ever was such a nod or a wink - closed doors being closed doors after all.
But it will probably be the talk of late night conversations of Fed watchers for years.
In his two appearances in public before Congress this week, Bernanke certainly painted a grim outlook on the downside risks facing the economy