"Fed chairman says financial crisis will dampen economy well into 2009 and hints at future rate cuts; says recent actions by Fed, Treasury should help economy recover."

"Overall, the combination of the incoming data and recent financial developments suggests that the outlook for economic growth has worsened and that the downside risks to growth have increased," he said."

I missed the "fundamentally sound" part which was his mantra for months. He sort of reminds me of a guy riding backwards on a stagecoach viewing the scenery through binoculars. Unaware of the here and now or even of the recent past, he maintains a running commentary on old sights.

An art as well as a science, I'm sure.

Arf