Bernanke Says Fed Takes ‘Balanced Approach’ to Jobs, Inflation

Feb. 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank takes a “balanced approach” to its dual mandate from Congress and doesn’t favor maximum employment over price stability.

He spoke in response to questions today during a hearing before the Senate Budget Committee in Washington.

To contact the reporter on this story: Chris Wellisz in Washington at cwellisz@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net