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June 06, 2008
Fed Chairman Signals an End to Interest Rate Cuts Amid Concerns About Inflation
The Federal Reserve is unlikely to continue to cut interest rates due to concerns about inflation, Chairman Ben Bernanke suggested during remarks delivered via satellite to an international monetary conference in Barcelona, Spain. "For now policy seems well positioned to promote moderate growth and price stability over time," said Bernanke in his June 3 comments.
Posted by S. Germain at June 6, 2008 08:09 AM