Washington Post says Bernanke will not raise rates

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Washington Post says Bernanke will not raise rates

Reuters
Monday, June 16, 2008

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke does not intend to raise interest rates because he is more worried about soaring oil prices slowing global growth than he is about their firing inflation, the Washington Post said on Monday.

A column by Robert Novak, citing unnamed "sources close to him," said Bernanke "has no plans for a raise."

The Federal Reserve declined to comment on the Washington Post column.

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