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Fed's Ben Bernanke says he's not worried about inflation

By Implode-Explode Heavy Industries

``Bernanke denied that the Fed's loose monetary policies were responsible for rising global inflation. And he expressed confidence that the central bank's actions to spur growth in the U.S. ? most recently by purchasing billions of dollars of U.S. Treasury bonds ? were temporary measures that the Fed had the ability to halt or reverse before inflation spiked.''

Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2011 (boomark / email).