Bernanke Defends Asset Buys, Says Inflation Subdued
Feb. 26 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke defended the central bank’s unprecedented asset purchases, saying they are supporting the expansion with little risk of inflation or asset-price bubbles. Bernanke, speaking before the Senate Banking Committee in his semiannual policy report to Congress, said inflation remains "subdued." (This is an excerpt. Source: Bloomberg)
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