Fed's Bernanke on gradualism

In a speech on 'Gradualism' given on 20 May, Ben Bernanke of the Federal Reserve said the Fed should be able to push short-term interest rates up at a gradual pace, but the speed of expected rate hikes will be dictated by economic events.

"Economic developments over the next year are reasonably likely to be consistent with a gradual adjustment of policy," Federal Reserve Board Governor Ben Bernanke said in remarks prepared for a luncheon sponsored by the San Francisco Federal Reserve Bank and

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