Fed's Bernanke Speaks at News Conference

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Jan. 25 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke speaks about the central bank's policy goals and the outlook for inflation, employment and the broader economy at a news conference following a meeting of the Federal Open Market Committee. Fed officials said in a statement that their benchmark interest rate will stay low until at least late 2014 and anticipate that unemployment will remain high and inflation "subdued." In separate statements, the FOMC lowered its forecasts for economic growth and inflation, and specified a 2 percent goal for long-term inflation. (Source: Bloomberg)


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