Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy was running so close to capacity that it faced heightened risks of an outbreak in inflation that could require higher interest rates to tame.
In his first extensive remarks since taking office two weeks ago, Bernanke appeared to be making an effort to establish credentials as an inflation "hawk" by stressing the need to keep price pressures contained.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Fed Chairman Worries About Inflation
- Fed to Mull Interest Rate Increase
- Historical Perspective Can Prevent Hysterical Reaction
- Fresh Fed Warning on Inflation
- Fed Mulls Interest Rate Hike
- One Economist's Take on Life Without the Punch Bowl
- Fed Boosts Key Interest Rate
- Fed Raises Key Rate by a Quarter Point