Bernanke Signals No More Rate Cuts

By: Nicole Morten Email
By: Nicole Morten Email

With inflation worries running high, don't look for more rate cuts from the Federal Reserve.

The economy won’t see relief from inflation anytime soon. During a satellite conference Bernanke said rate reductions that began last September, combined with the economic stimulus package, and should bring “somewhat better economic conditions,” in the second half of this year.

He also said high oil prices present a double threat to the economy, putting a damper on already weak growth and raising inflation risk.

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