Tightening monetary policy would risk recovery, Bernanke says

Ending the Federal Reserve's stimulus programs too soon would endanger U.S. economic recovery, which is already struggling to overcome high unemployment and spending cuts, Chairman Ben Bernanke told the Joint Economic Committee of Congress. "A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further," he said.

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