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Bernanke defends Fed's low-interest-rate policies

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WASHINGTON (AP) — Chairman Ben Bernanke is standing by the Federal Reserve's low-interest-rate policies, cautioning that any move to raise rates prematurely could derail a still-modest economic recovery. Bernanke also sought to calm fears that super-low rates risk igniting inflation or rattling investors, during a speech late Friday in San Francisco to an economic conference sponsored by the...

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