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Bernanke defends Fed's low-interest-rate policies

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WASHINGTON (AP) — Chairman Ben Bernanke is defending the Federal Reserve's low-interest rate policies and seeking to calm fears that super-low rates risk igniting inflation or rattling investors. Bernanke said Friday that any Fed move to raise rates prematurely could derail what is still a modest U.S. economic recovery. The central bank's low-rate policies are intended to encourage borrowing...

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