Fed governor Bernanke repeats confidence on prices

Much recent press comment has focussed on whether the US economy could be set for a period of deflation. In a speech made Thursday Ben Bernanke said he was confident that the Federal Reserve still had the fire power left, even if interest rates fell further, to support the US economy. In separate comments Richmond Fed president Alfred Broaddus said he did not see a widespread decline in prices as a "clear and present danger" in the United States.

Federal Reserve Governor Ben S. Bernanke said T

To continue reading...