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Thursday, May 25, 2006

Bernanke Says Fed Shares Inflation Worries

Federal Reserve Chairman Ben Bernanke said recent declines in world stock markets may reflect concern about inflation and reiterated that the Fed shares those concerns. But Mr. Bernanke told Congress yesterday that the Fed still has a month of data to help it decide what interest-rate action to take at its next policy meeting, on June 28 and 29.

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