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Posted AT 2:16 PM EST on 07/10/08

More pain ahead: Bernanke

The Associated Press

WASHINGTON — U.S. Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain. The Fed chief's more gloomy assessment appeared to open the door wider to an interest rate cut on or before Oct. 28-29, the central bank's next meeting, to brace the wobbly economy.

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