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Bernanke Comments on Potential Interest Rate Hikes

At an international conference on Monday, example, he noted that core inflation was
Federal Reserve Chairman Ben Bernanke rising by 3% or more.Most consumers can
promised that inflation will be fought by expect rates to continue to rise.
the central bank.Bernanke stated that the Bernanke seems determined to maintain the
Federal Reserve "will be vigilant to Fed's credibility in fighting inflation,
ensure that the recent pattern of which has taken 20 years to
elevated monthly core inflation readings establish.Many industry experts are
is not sustained."Economists have closely concerned that rates will go too far in
been watching the Fed for any suggestion the fight against inflation. Many
that the interest rate increases will be consider former Fed chairman Alan
paused at the Fed's June 28-29 meeting. Greenspan's push to fight interest in the
If the rate is increased, it will be for late 80's as the cause of the stock
the 17th consecutive time.After market collapse.Bernanke says that
Bernanke's speech, most analysts now inflation is a fight that the Fed will
expect rates to continue their upward continue to make.Martin Lukac (
march. Many expect rates to continue to represents and a finance web-company
rise at the August meeting, specializing in real estate/mortgage
also.Investors had remained optimistic, market. We specialize in daily updates,
especially given recent reports that rate predictions, mortgage rates and
showed slower economic growth than more. Find low home loan mortgage
expected.Bernanke, however, said that interest rates from hundreds of mortgage
there have been a number of unwelcome companies!
developments that point to inflation. For




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