Bernanke leaves door open to another rate cut - WKOW 27: Madison, WI Breaking News, Weather and Sports

Bernanke leaves door open to another rate cut


WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke is pledging to work closely with other central banks to fix global financial problems and is leaving open the door to a fresh interest rate cut to help brace the sinking U.S. economy.

  In remarks prepared for a central banking conference in Frankfurt, Germany, Bernanke says "continuing volatility of markets and recent indicators of economic performance confirm that challenges remain."

  He adds that policymakers remain in close contact, are monitoring developments closely "and stand ready to take additional steps should conditions warrant."

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