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Wednesday, October 26, 2005

Will Bernanke Fed revive dollar's deficit pain? by Rachel Koning

"Some are pointing to his past saying that he will be a big proponent against deflation while others are saying that he will not accept runaway inflation, especially since he has been a long-time advocate of inflation targeting," she said. The Fed operates under an implicit goal of attaining price stability rather than setting an exact target or range for inflation as is the case at some of its global counterparts.

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