Bloomberg News

Bernanke Sees No Signs of Higher Inflation or Weaker Dollar

February 02, 2012

Feb. 2 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke told House Budget Committee Chairman Paul Ryan that he expects inflation to remain low and the dollar stable.

“Inflation currently looks to be very well controlled,” Bernanke told Ryan, a Republican of Wisconsin, during testimony to the budget committee today.

“The dollar has been pretty stable, you know, since the crisis,” Bernanke said. “We are not having any signs of higher inflation or a declining dollar.”

The Federal Open Market Committee said Jan. 25 that economic conditions are likely to warrant keeping the benchmark lending rate in a range of zero to 0.25 percent “at least through late 2014.”

--Editors: Christopher Wellisz, Kevin Costelloe

To contact the reporters on this story: Craig Torres in Washington at ctorres3@bloomberg.net.

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


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