Bernanke wants to break assumption that central bank will cut rates whenever there is turmoil in financial markets, according to WSJ.
August 30 2007: 5:01 AM EDT
FRANKFURT (Reuters) -- The U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday.
Fed watcher Greg Ip, without quoting specific sources, said Fed Chairman Ben Bernanke was keen to draw a distinction between keeping financial markets ticking over and ensuring a sound economy.
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