The public has shown confidence that any increases in inflation will be temporary and that, in the long run, inflation will remain low.
More Quotes from Ben Bernanke:
Quantitatively, outsourcing abroad simply cannot account for much of the recent weakness in the U.S. labor market and does not appear likely to be an important restraint to further recovery in employment,Ben Bernanke
This necessary spending should not, however, jeopardize the president' long-term deficit-reduction goals.
Ben Bernanke
Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
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That said, energy prices remain a concern.
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It's been a resilient economy, it's responded well and job creation has proceeded apace.
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Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
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