Bloomberg News

Bernanke Testifies on Fed Policy, Economy (Part 1)

July 18, 2012

July 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke testifies about Fed policy and the U.S. economy before the House Financial Services Committee in Washington. Bernanke said U.S. central bankers are capable of removing record stimulus from the financial system and raising interest rates when needed to avoid triggering inflation. (This is the first part of the hearing. Source: Bloomberg)

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