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IPFS News Link • Economy - Economics USA

Bernanke dismisses inflation concerns, says unemployment turnaround will take years

• www.washingtonpost.com

The economy is poised to grow more rapidly this year, Federal Reserve Chairman Ben S. Bernanke said Thursday, dismissing fears that rising fuel prices will trigger broad-based inflation. But he emphasized that it will still take several years before the unemployment rate comes down to normal levels.

Speaking at the National Press Club and, in a rare step, taking questions from journalists, Bernanke gave a mixed assessment of the nation's economic prospects but left little doubt that he views getting the job market on track as the top priority for the Fed.  

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