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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