| IN THE NEWS |
| WASHINGTON, July 19 — Despite the recent acceleration in consumer prices, pushed higher largely by oil prices, the chairman of the Federal Reserve expressed optimism on Wednesday that the central bank’s heavy lifting to fend off inflation may be almost finished.
“The economy appears to be in a period of transition,” Ben S. Bernanke, the Fed chairman, said at a hearing of the Senate Banking Comm... (more...) |
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