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Bernanke May Have to Overcome Fed Split on Maintaining Stimulus

Federal Reserve Chairman Ben S. Bernanke may have to overcome divisions among policy makers should he seek to maintain record stimulus past June, minutes of the Fed’s March 15 meeting indicate.

A “few” among the central bank’s 17 governors and regional bank presidents said tighter credit may be warranted this year, while a “few others noted that exceptional policy accommodation could be appropriate beyond 2011,” the Federal Open Market Committee said in the minutes, released yesterday in Washington.