Bernanke Says Fed Can Remove ‘Punch Bowl,’ Curb Inflation – Bloomberg

Bernanke Says Fed Can Remove ‘Punch Bowl,’ Curb Inflation – Bloomberg.

Federal Reserve Chairman Ben S. Bernanke sought to assure lawmakers the Fed can limit inflation while providing record stimulus and won’t allow consumer prices to rise in return for faster economic growth.

“It will be a similar pattern to what we’ve seen in previous episodes where the Fed cut rates, provided support for the recovery, and when the recovery reached a point of takeoff where it could support itself on its own, then the Fed pulled back, took away the punch bowl,” Bernanke told the House Financial Services Committee today in Washington.

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