SINGAPORE (Reuters) - Federal Reserve Chairman Ben Bernanke said new U.S. measures to shore up the financial system would help restore normality to markets.
Bernanke, writing an editorial in the Wall Street Journal, did not give details of the plan, due to be announced later on Tuesday.
"These steps will allow us to restore more normal market functioning, and encourage private capital to further support the reinvigoration of financial markets," Bernanke wrote in the editorial published on the Wall Street Journal's web site. People familiar with the plan said on Monday the United States plans to inject $250 billion in U.S. banks in a new bid to calm rattled markets, with about half going to the country's top nine institutions.
For the editorial click on ( http://online.wsj.com/public/page/news-opinion-commentary.html )
(Reporting by Kazunori Takada, Editing by Dayan Candappa)
