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Bernanke Denies Culpability in Oil Prices Blog Oil

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In a speech on June 7 in Atlanta at the International Monetary Conference, Fed chair Ben Bernanke downplayed the U.S. central bank’s role in rising oil and gasoline prices. Inasmuch as I recently testified before a Congressional subcommittee saying that Bernanke’s policies have been (partially) to blame, I want to point out the weaknesses in Bernanke’s attempt to shift the blame….

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