Bernanke Unwilling to Declare Inflation Victory, Signals Unchanged Rates

(Bloomberg) -- Federal Reserve Chairman Ben S.
Bernanke and his colleagues aren't ready to declare victory in
their battle against inflation.

The Federal Open Market Committee yesterday said the
decline in its preferred gauge of inflation isn't enough to
satisfy policy makers. ``A sustained moderation in inflation
pressures has yet to be convincingly demonstrated,'' the panel
said in a statement after a meeting in Washington at which it
also kept the benchmark interest rate at 5.25 percent.


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