Bernanke Starts Speech to NABE

The Federal Reserve's Chairman, Ben Bernanke, has just started his speech to the National Associate for Business Economics, or NABE. So far, Bernanke has said that the recent market developments have shown a higher threat to growth. Bernanke has also said that there is a need to consider whether the Fed's current policy is appropriate for current market conditions, signaling that the Fed is prepared to lower interest rates as necessary.