Economic meltdown looms, and Federal Reserve Chairman Ben Bernanke is doing what he does best: lowering interest rates. At least, that's what financial experts are saying following the collapse of Bear Stearns. Investors are freaking out as the Fed tries to juggle not just the latest Wall Street turmoil, but also a housing crisis and severe credit crunch.
While Bernanke is weighing knocking down a key rate a full percentage point, the simple reassurance once communicated by the phrase "lowering interest rates" just isn't cutting it anymore. What can the Fed chairman do to ease the jitters of everyday investors...the little people who don't quite understand what's happening to their money, and have tons of questions about the future? Luckily, now you can Ask the Ben Bernanke 8-Ball! You've got questions about what to expect, and Bernanke, through the psychic magic of the Internet, has answers.