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FT: Federal Reserve faces inflation

Federal Reserve May Have Hit Speed Limit

Published in the Financial Times on December 11, 2006
December 11, 2006

Federal Reserve May Have Hit Speed Limit
As the US Federal Reserve's Open Market Committee meets today, Ben Bernanke, the chairman, and his colleagues face a difficult challenge. Inflation, as the chairman said recently, remains "uncomfortably high" at the same time that the real economy may be slowing significantly.