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Market News

Fed's Bernanke says inflation problems moderating

WASHINGTON, Oct 15 (Reuters) - Federal Reserve Chairman Ben Bernanke said concerns about inflation are moderating and prices look to be stabilizing.

“I think the evidence is now in that the inflation problems are moderating and look to be returning to price stability at a reasonable pace,” Bernanke said told the Economic Club of New York. (Reporting by Nancy Waitz; Editing by Jan Paschal)

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