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Fully aware of risk in providing Fed help: Bernanke

Published on Wed, Jul 16 at 20:08 , Updated at Thu, Jul 17 at 14:30
Source : CNBC-TV18

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Federal Reserve Chairman Ben Bernanke said he is fully aware of the moral hazard risk in providing Fed help, reports CNBC-TV18. "There is a crisis of confidence hurting government sponsored enterprises, not fundamentals. It is important for the Fed to maintain price stability."

According to him, market discipline is the best source of strength in the financial system. He feels currency market intervention should be done only rarely.

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