Stimulus won't work without stability: Bernanke

President Barack Obama's fiscal stimulus is unlikely to have the desired effect unless the financial system stabilises, Ben Bernanke, the chairman of the Federal Reserve, told lawmakers on Tuesday.

"The goal of the fiscal package is not just to provide a one-time boost to the economy, but to lay the groundwork for a self-sustaining, broad-based recovery," Bernanke told the Senate Committee on the Budget. "Historical experience strongly suggests that without a reasonable degree of financial

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