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Federal Reserve members try to correct Ben Bernanke on stimulus and inflation

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Ben Bernanke’s colleagues all say the same thing: the Federal Reserve chairman was misinterpreted last week. Global markets were spooked after Bernanke revealed new details about the schedule for winding down the Fed’s bond-buying stimulus program and future interest rate hikes. Although the exact effects of Bernanke’s statements cannot be disentangled from other developments, such as...