Bernanke: High Energy Prices Hurt Economy

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00019869-bernanke-high-energy-prices-hurt-economy/

Federal Reserve Chairman Ben Bernanke said yesterday that swelling energy prices are having a doubled-bladed impact on the U.S. economy: slowing down growth while increasing inflation, according to a story by the Associated Press.

“The increase in energy prices is clearly making the economy worse off both in terms of real activity and in terms of inflation. There is no question about it,” Bernanke told the House Financial Services Committee in Washington Thursday.

For this complete story, please visit http://biz.yahoo.com/ap/060720/bernanke.html?.v=25