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December 2, 2004 04:21 PM

Inflation Under Control, Fed Gov. Says


Excerpt: Bernanke said the economy has been "quite resilient" and growth in the fourth quarter "will be similar, perhaps a bit higher" than the 3.9 percent GDP growth rate in the third quarter.


Inflation is under control and is expected to remain tame, said Federal Reserve Board governor Ben Bernanke Thursday.

"I think inflation is still quite well-contained. And I think inflation expectations are well-contained," Bernanke told reporters after a speech to the National Economics Club.

"Whatever risks exist are not large ones," he said.

But as the economy approaches full-employment over the next year or so, and as pricing power returns a bit, "we need to be exceptionally vigilant to make sure that inflation pressures don't re-emerge," he said.

"But currently inflation looks to be under good control and I expect it will remain so," he said.

Bernanke said the economy has been "quite resilient" and growth in the fourth quarter "will be similar, perhaps a bit higher" than the 3.9 percent GDP growth rate in the third quarter.

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Read all 21 posts in the same category of Economy:

U.S. Quiet on China Trade Tax - Dec 17, 2004
Fed Raises Interest Rates for 5th Time This Year - Dec 17, 2004
OPEC Considers Output Cut to Keep Prices From Falling - Dec 09, 2004
A Plan For U.S. Energy Security? - Dec 08, 2004
Fed Heading For A Pause - Dec 07, 2004
Social Security Reform = New Debt - Dec 06, 2004
Fed Sees Growth, Measured Rate Hikes - Dec 05, 2004
Weak Employment Rport Casts Doubts Over US Economic Strength - Dec 05, 2004
Fed: Inflation Not Setting Off Alarms - Dec 05, 2004
Balancing Act On The Buck - Dec 04, 2004
Job Growth Is Well Below Wall Street Forecasts - Dec 03, 2004
Fed Reports Growth In 11 Of 12 Regions - Dec 02, 2004
Global Forecasts for 2005 Growth Are Reduced - Nov 30, 2004
Borrowing For Social Security Plan? - Nov 28, 2004
No Longer Top Dollar? - Nov 26, 2004
Don't Worry ... Don't Be Happy - Nov 26, 2004
Is Another Recession Brewing? - Nov 25, 2004
Inflation Is Tame, Right? - Nov 24, 2004
The Dollar Is Down, But Should Anyone Care? - Nov 21, 2004
Bush Sets Plans To Revamp Taxes, Social Security - Nov 04, 2004