Comment: Bernanke's debut

New Fed chairman, Ben Bernanke, provided little further insight into the likely further path of interest rates in the US on Wednesday. On the whole he painted a fairly rosy picture of the economy's health - both in a cyclical and structural sense. His testimony also contained no references to the adoption of explicit inflation targets at the Fed.

COMMENT BY CENTRALBANKNEWS

As the language of the Fed's monetary policy statements have become increasingly opaque, markets were eyeing Bernanke's

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