Democrats may oppose Bernanke's inflation target

According to this article published Thursday 9 November by Bloomberg, it may become harder for Federal Reserve chairman Ben Bernanke to establish an inflation target now that Democrats have control of the U.S. Congress.

It says Democrats are likely to give Bernanke a tougher time than the Republicans on inflation targets, with support hard to come by.

"Bernanke has argued that a target would help cement the Fed's credibility as an inflation-fighter and make it easier to manage the economy. If

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