Bernanke: Obama stimulus would lift economy

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke said Tuesday the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking economy. But he warned that such a recovery won't last unless other steps are taken to stabilize the shaky financial system. Although Bernanke has previously endorsed the notion for a fresh round of government stimulus to lift the country out of a recession, it marked the first time the Fed chief has referenced the roughly $800 billion recovery plan now being worked on by read more

NECN | January 13, 2009

Tags:. .referenced. .notion. .stimulus. .shaky. .stabilize