Bernanke Defends Fed Stimulus in Closed-Door Talk With Senators
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Federal Reserve Chairman Ben S. Bernanke met with U.S. senators today to defend his expansion of record monetary stimulus, saying it would aid job growth and the central bank would control any inflation.
Bernanke said that he and his colleagues “remain absolutely committed to not letting inflation or inflationary expectations get out of control,” Senator Evan Bayh, an Indiana Democrat, told reporters after the 40-minute closed-door session on Capitol Hill.