Gas Prices Could Lead to ‘Hit on Growth’: Fed’s Bernanke

News Flash:

Ben Bernanke cautioned that high gas prices could lead to a “hit on growth” and rising inflation. Well, wasn’t that what he wanted?

About 40 percent of out-of-work Americans have been unemployed for longer than six months. Benanke, wiping away a crocadile tear, said “Those people are obviously facing a lot of hardship.”

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