Thread: Too Little, Too Late for Bernanke’s Fed

Too Little, Too Late for Bernanke’s Fed

Tuesday, Jan. 8, 2008 3:51 p.m. EST

Since the credit market crisis erupted violently in August, the Federal Reserve has taken multiple steps to thaw out the frozen lending environment and keep the economy out of recession.
But experts say its too little, too late. The Fed just doesn’t have the tools at its disposal to prevent an economic downturn.

"I think we’re headed for a serious recession,â€