Fed Prepared to Act if US Economy is Threatened by Europe

Yikes, this is a bit unsettling.  I am curious as to our real risk exposure.

“The U.S. economic recovery faces significant risks, including from the European sovereign debt crisis and uncertain U.S. fiscal policy, Fed Chairman Ben Bernanke said in testimony prepared for a congressional hearing on Thursday.Still, the Fed chairman stopped short of signaling Fed action to combat these risks, other than to say that the Fed remained ‘prepared to take action’ to protect the U.S. economy and financial system if stresses on the financial system escalate.” – WSJ.COM


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