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A hawkish testimony and mostly unchanged rhetoric are expected from Fed Chairman Ben Bernanke on Tuesday, as the head of the U.S. central bank delivers the first of a two-day semiannual testimony to congress. "In the US, all eyes will be on Ben Bernanke as he appears before Congress on Tuesday to give...
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Speaking at a Harvard commencement address, Bernanke said overall inflation is significantly higher than he would like, but less than the 1970s-style stagflation . The overall inflation rate has averaged about 3.5% over the past four quarters, significantly higher than we would like but much less than...