Fed's Bernanke on the outlook for the U.S. economy

In the speech 'Panel discussion: Comments on the outlook for the U.S. economy and monetary policy' given on 5 June Ben Bernanke of the Federal Reserve said recent increases in measures of inflation are unwelcome'' and he will ensure the trend isn't sustained.

He also told an American Bankers Association conference that the U.S. economy is entering a period of transition'' and the anticipated moderation of economic growth seems now to be under way.''

The Fed will be vigilant to ensure

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