Monday March 17, 02:03 PM
Bush backs Fed moves, says US will manage 'challenging times'
WASHINGTON (AFP) - President George W. Bush on Monday said the US economy's "challenging times" would be manageable and voiced support for the Federal Reserve's rapid moves to avert a financial meltdown.
"We are in challenging times," Bush said, stressing that the US was "on top of the situation."
The president said the Fed "has moved quickly" to ease the financial crisis and said he and Treasury Secretary Henry Paulson" supported the moves.
"Secretary Paulson is supportive of that action as am I," Bush said.
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