|Page (1) of 1 - 08/10/11||email article||print page|
Grappling for economic fixes, Obama meets with Bernanke at White House Wednesday
WASHINGTON (AP) ' President Barack Obama is meeting at the White House Wednesday afternoon with Federal Reserve chairman Ben Bernanke.
The meeting comes a day after the Fed announced it would offer super-low interest rates for two more years. The move was an unprecedented step to stem an economic free fall that dragged the stock market down earlier this week.
The president was also scheduled to meet separately with Treasury Secretary Timothy Geithner on Wednesday and with business leaders later in the week.
The series of economic meetings follow the downgrade of the U.S. credit rating after the partisan fight over the debt ceiling and deficit reduction, as well as the latest jobs report showing the unemployment rate still sitting above 9 percent.