President Bush addresses the economy and takes questions in Chantilly, Virginia.
Promotes the financial rescue package. Counsels patience, but says he’s confident the credit and stock markets will eventually rebound.
“Thawing the freeze in the financial system is not going to happen overnight… It’s going to take time to have its full effect.”
Earlier in Washington: Fed Chief Bernanke opens the door to a cut in interest rates, as the credit crisis continues.