Bernanke: The fiscal cliff is already having significant effect on the economy, he says,...

|By:, SA News Editor
Bernanke: The fiscal cliff is already having significant effect on the economy, he says, pointing to sharp declines in various sentiment measures (I, II). He blames falling markets on the cliff as well. Falling? Should D.C. fail to avert large tax hikes and spending cuts, he suggests the Fed could add to its asset purchases.