Bernanke was unGreenspanlike in his choice of words. "It is unusual for the Fed Chairman to send such a clear signal," noted ABC's Betsy Stark (embargoed link). "Volatile and fragile" were the adjectives Anthony Mason underlined on CBS, reporting on recession for the second day in a row. NBC, as usual, assigned economic coverage to its sibling financial news cable channel: CNBC's Trish Regan did the honors.
ABC's Stark offered no comfort at the prospect of recession: "Fear is contagious no matter how wealthy you are," she insisted. "Low income consumers may fear they will not be able to fill up their gas tanks. Middle income consumers may fear their homes will be worth less than what they paid for them. Upper income consumers may fear a falling stock market will decimate their retirement funds."
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