Bernanke calls gas prices a ‘double whammy’
But he also
suggested there was not much the Fed could do about prices, though he
indicated he expects them to go down. Still, if gas prices remain high,
Bernanke said, the central bank could be spurred into action.
“If we fear that inflation expectations look like they’re becoming less anchored, we would have to respond to that,” he said.
Check out the whole story here.
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