Bernanke hawkish on inflation

- Central Banking staff
- 15 Nov 2005

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In his confirmation hearing before the US Sentate Banking Committee, Ben Bernanke expressed some concerns about the current inflation rate in the US.

While his comments on inflation-targeting in his opening statement have grapped the headlines, his answer to a question on the current state of the economy revealed hawkish sentiments regarding inflation.

"Inflation is currently above the range that would be desirable in the long-run", Bernanke said.

Analysts were monitoring the hearing closely for

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