Ben S. Bernanke

Many people are concerned about potential inflation in the not too distant future. This story indicates that, at least, Mr. Bernanke has some steps in mind to battle inflation while still attempting to encourage the economic growth we need to produce more jobs.

July 20 (Bloomberg) — To keep interest rates at a record low, Ben S. Bernanke may have to show Congress and investors he can be as creative about soaking up cash from the financial system as he was when pouring it in.

The Federal Reserve chairman will probably outline his strategy for exiting the biggest monetary expansion in history when he delivers his semiannual economic report to Congress tomorrow…

For the whole story, click on the link below.

Bernanke May Hold Rates Down by Showing He Can Reverse Course – Bloomberg.com

Posted using ShareThis