Makes no mention of Bear Stearns or monetary policy, according to AP:

WASHINGTON - Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke pledged Friday to do all that is possible to help struggling homeowners.

The Fed is "strongly committed to fully employing our authority, expertise and resources to help alleviate their distress," Bernanke said in a speech to the National Community Reinvestment Coalition's annual meeting here.

Record-high foreclosures are aggravating problems in the housing market and for the national economy, which many fear is on the verge of a recession or in one already.

Bernanke didn't offer new recommendations -- as he did earlier this month -- but rather spoke of the various steps the Fed already is taking to address current problems and to prevent another crisis of this sort.