Thursday, February 10, 2011

Republicans grill Bernanke over inflation threat

Members of Congress sharply questioned Federal Reserve Chairman Ben Bernanke Wednesday over whether the Fed's policies are raising the risk of rising inflation in the months ahead. House Budget Committee Chairman Paul Ryan, a Republican, said he is concerned that the Fed won't be able to detect inflation until "the cow is out of the barn" and inflation is already spreading dangerously through the US economy.

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