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Chairman of the Federal Reserve Ben Bernanke (C) is joined by U.S. Secretary of the Treasury Henry Paulson (L) and Chairman of the Securities and Exchange Commission Christopher Cox (R) while testifying before the U.S. Senate Banking Committee on Capitol Hill in Washington, July 15, 2008. A weakening housing market, strained banking system and rising oil prices threaten the U.S. economy, and restoring financial market stability is a top priority, Bernanke said on Tuesday.
WASHINGTON - JULY 15: U.S. Treasury Secretary Henry Paulson (L) and Federal Reserve Board Chairman Ben Bernanke testify before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill July 15, 2008 in Washington, DC. In light of recent bank failures and the housing crisis, the financial leaders testified about the rescue of Fannie Mae and Freddie Mac, the nation's largest mortgage buyers, and proposed regulatory responses.
In this July 15, 2008 file photo, Federal Reserve Board Chairman Ben Bernanke arrives on Capitol Hill in Washington, to report on the economy before the Senate Banking Committee. Tighten your seat belt. Federal Reserve Chairman Ben Bernanke and his colleagues are preparing to ride out economic and financial storms by holding their most important interest rate steady this week and probably through the rest of this year.
WASHINGTON - JULY 15: Federal Reserve Board Chairman Ben Bernanke (C) stands with Senate Banking, Housing and Urban Affairs Committee Chairman Sen. Christopher Dodd (D-CT) (R) and ranking member Sen. Richard Shelby (R-AL) before testifying to the committee on Capitol Hill July 15, 2008 in Washington, DC. Bernanke answered questions about the Fed's semi-annual Monetary Policy Report.