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By Jeffrey Sparshott and Victoria Mcgrane
By Jeffrey Sparshott and Victoria Mcgrane
By Jeffrey Sparshott and Victoria Mcgrane
18-7-2013
(MORETOFOLLOW)DowJonesNewswires
July18,201311:14ET(15:14GMT)
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July18,201311:18ET(15:18GMT)
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July18,201312:04ET(16:04GMT)
about:blank 22.07.2013
* DJ Bernanke: Clearer Mortgage Rules Should Help Ease Lending Standards Page 2 of 2
WASHINGTON--FederalReserveChairmanBenBernankesaidThursdaythecentralbankcan'tdomuchaboutthe
highpricesforgasoline,food,rent,andothergoodsandservices.
"There'sadistinctionbetweenpricesbeinghighandpricesbeingrising,"Mr.BernankesaidataSenatehearing.
ThedifferenceiscrucialfortheFed.Mr.Bernankesaidthatwhilepolicymakerscaninfluenceinflation,theyhave
littlesayovererodinglivingstandardscausedbypoorwagegains.
"That'snotanissueofinflationthat'sanissueofreallivingstandardsandthathastodowiththeproductivityof
economyandthedistributionofincome.AndtheFedcan'treallydoawholelotaboutthat,"Mr.Bernankesaid.
Theupshot?Thecostoflivingishigh.Butatleastit'snotgoingup.
WritetoJeffreySparshottatjeffrey.sparshott@dowjones.com
(END)DowJonesNewswires
July18,201312:51ET(16:51GMT)
Souvisejc zprvy
Pedmty:
Economics Finance
Banking Loans
Regiony:
UnitedStates NorthAmerica
(c)2013DowJones&Company,Inc.
about:blank 22.07.2013