Comment: More of the same from Bernanke

The Fed completed its first monetary policy meeting under the chairmanship of Ben Bernanke on Tuesday 28 March. The 25 basis point increase - taking US rates to 4.75% - was a mere formality, but Fed watchers were preparing to pore over the accompanying statement for any change of language. However, Bernanke, who came to the Fed promising increased transparency, kept his cards close to his chest.


Much of the language was unchanged from the statement following the January

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