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Bernanke: U.S. not facing 1970s-style stagflation (Reuters)

Chairman of the Federal Reserve Ben Bernanke testifies on the state of the economy before the House Financial Services Committee on Capitol Hill in Washington February 27, 2008. Bernanke on Tuesday warned mortgage delinquencies and foreclosures were likely to rise and that more house price declines could be expected, and called for active measures to ease strains in housing markets. (Kevin Lamarque/Reuters)Reuters - Federal Reserve Chairman Ben
Bernanke said on Thursday the United States was not headed
toward 1970s-style “stagflation” but acknowledged inflation
could complicate the central bank’s effort to spur the economy.


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