Bernanke: Quick economic rebound not in cards

The country's economic health won't snap back quickly even if badly needed confidence in the US

Financial system returns and roiled markets finally calm, Federal Reserve Chairman Ben Bernanke cautioned Wednesday.

He left the door open to additional interest rate reductions. "Stabilization of the financial markets is a critical first step, but even if they stabilize as we hope they will, broader economic recovery will not happen right away," Bernanke said in a speech to the Economic Club of New York. (AP)