Bernanke on US economic outlook & monetary policy

- Central Banking staff
- 23 Apr 2004

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In a speech on 'The economic outlook and monetary policy' given on 22 April, Ben Bernanke of the Federal Reserve said there are no signs of overheating in the U.S. economy, so inflationary pressures are likely to remain subdued. He said he was "sanguine" about inflation.

"Economic fundamentals appear consistent with core inflation's remaining under control, in the general range of 1 to 2 percent," Bernanke said in prepared remarks to the Bond Market Association in New York.

"I see no indication

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