The issue was discussed over a hectic weekend in Paris by leaders of Germany, France, Britain and Italy, but they passed over the option of coordinated action in favor of simply vowing to stabilize markets.
Despite all the Fed actions to stabilize the markets, Bernanke laid out all the negatives, one by one.
It said that its policy will likely remain accommodative for some time, and that policy actions to stabilize the markets will contribute to sustainable growth.
And once we stabilize the markets - we have a regulatory system that's broken, it's outdated, it's out-moded, it doesn't fit the world we live in.
That was also the message the group offered Friday night when the officials came up with a five-point plan to stabilize the markets and restore the flow of credit.
"We commit to continue working together to stabilize financial markets and restore the flow of credit, to support economic growth, " G-7 finance ministers and central bankers said in a joint statement Friday evening.
French President Francois Hollande said the meeting of the 17 eurozone heads of state, held after the leaders of the EU countries outside the single currency area had left, was the result of pressure from Spain and Italy quickly to find short-term measures to stabilize the markets.
This tactic will be very similar to the methods that Mario Draghi and the European Central Bank (ECB) will have to combine to fight the crisis in Europe, they too will have create a potent fusion of mechanisms to effectively stabilize the markets and save the single union currency.
"Continued efforts to stabilize the financial markets are essential, " said Ben Bernanke, the Fed chairman.
These provisions need to be designed and applied in a way that does not deter the participation by the private sector in generally available programs to stabilize the housing markets, jump-start the credit markets, and rid banks of legacy assets.
If the dollar were stabilized by defining its value in terms of gold, the financial markets would stabilize, as would the economy.
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The European Union financial and sovereign debt crisis saw no fresh, major negative developments overnight and that has allowed the European and U.S. stock markets to stabilize Thursday.
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And I spend a lot of my time thinking immediately about how we can put folks back to work and how we can stabilize the world financial markets.
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The European Union financial and sovereign debt crisis saw no fresh, major negative developments Thursday and that allowed the European and U.S. stock markets to stabilize and rebound a bit Thursday.
Even though global stock markets were able to stabilize on Friday, the sharp declines last week added to the overwhelming negative sentiment in the markets.
This has allowed the European and U.S. stock markets to also stabilize and post modest rebounds.
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G7 leaders appear ready to lend a helping hand to Japan as it attempts to stabilize its economy, financial markets, and currency.
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This has allowed the European and U.S. stock markets to also stabilize.
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Fed Chairman Ben Bernanke warned this week that even if financial markets were to stabilize, the economy would not quickly snap back to good health.
The U.S. and Asian stock markets sputtered in the wake of the Philly Fed report, while European stock markets tried to stabilize following recent selling pressure related to the EU debt crisis in their own back yard.
"Equity markets are beginning to stabilize after experiencing a modest correction this week, " said Rebecca O'Keeffe, head of investment at Interactive Investor.
Stabilizing the value of the dollar would stabilize the economy and the financial markets, and, as a byproduct, dampen the volatility of all commodity markets, including oil.
Should investors start to see the firm outlines of a deal forming going into the middle of next week, various markets could start to stabilize and perhaps push higher, as one final relief rally may set in.
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These conditions include disorderly price action on Wednesday, a large overall yen move within a week, and a need to stabilize the Japanese economy and financial markets in the face of a significant and extraordinary exogenous shock.
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The rate of total inflows to emerging markets assets is likely to stabilize within the next week, Barclays Capital estimates.
If gold were to fall, the Fed would know that the markets require more dollars to stabilize the gold price.
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That short sale flurry has been a major reason home prices started to stabilize and even tick up in some markets this year.
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Beyond the possibility of ECB liquidity, the summit could also surprise by addressing necessary, long-term measures toward fiscal integration which are a precondition to give peripheral bond markets and growth a chance to stabilize.
Wall Street is looking to stabilize Wednesday morning, after recession fears slammed global markets on Tuesday.
The actions we've taken to stabilize our financial system, to repair our credit markets, restructure our auto industry, and pass a recovery package have all been steps of necessity, not choice.
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