U.S. President George W. Bush said Thursday his administration would "continue to act" to promote stability in financial markets and avert a deepening crisis.
"The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor confidence," Bush said in two minutes of remarks outside the Oval Office.
The president said that he shares American people's concern about the situation in U.S. financial markets and the economy.
"Our financial markets continue to deal with serious challenges," Bush said. "As our recent actions demonstrate, my administration is focused on meeting these challenges."
He did not specify what actions would be taken.
It was reported that the president was to meet with economic advisers over much of the day, and was seeing Treasury Secretary Henry Paulson at the White House later Thursday.
The financial crisis entered a potentially dangerous new phase on Wednesday when many credit markets stopped working normally as investors around world frantically moved their money into the safest investment, like Treasury bills.
The Dow industrials fell 449.36 points, or 4.1 percent, to 10609.66 as rattled investors sent the index to its lowest close in nearly three years.
Source:Xinhua
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