Beige Book backs up Bernanke comments

The Federal Reserve's Beige Book indicates the US manufacturing sector is passing on higher input costs to customers.

The news comes after senior Fed officials, Ben Bernanke, the chairman, and Donald Kohn, the vice-chairman, warned that the upside risks to inflation had risen.

"Reports of higher input costs were widespread," the Beige Book, which compiles reports on economic trends from the 12 regional Federal Reserves, said. "Most manufacturers have or are planning to increase prices in resp

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