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Mortgage News You Can Use Fed's Bernanke sees low inflation, slow job growth
WASHINGTON, Feb 5 (Reuters) - Federal Reserve Board governor Ben Bernanke said on Thursday he believed U.S. inflation was too low, and warned the job market would likely improve only slowly this year. "Inflation has been trending down for the last three years and it has now reached levels that I feel are actually too low for the health of the economy," Bernanke told the South Carolina Association of Investment Professionals Economic Forecasting in Columbia, South Carolina. "Even at 4 percent (economic) growth, we're not necessarily exceeding by much the potential growth of the economy. So the labor market will improve but probably not very quickly, and the slack in that labor market means we shouldn't expect to see rapid increases in wages over the next year," he added. Back to Original Article: Mortgage News You Can Use
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