Bush sees no credibility problem for Bernanke

US President George Bush said in an interview on Friday 5 May that new Federal Reserve chairman Ben Bernanke did not have a credibility problem.

Asked if the rising price of gold, increasing bond yields, a falling U.S. dollar and a report that Bernanke had been misinterpreted when he delivered testimony to Congress last week meant that the Fed chief had a credibility problem, Bush told CNBC television: "No."

"This guy's sound, he's smart, he's capable. You might remember, when I first nominated

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