Republicans tell Bernanke about inflation concerns

Published July 17, 2012 3:42pm ET



WASHINGTON (AP) — U.S. inflation is unusually low, as a report Tuesday on consumer prices showed. Yet some Republicans say they fear the Federal Reserve’s efforts to bolster the economy will eventually ignite inflation.

Sen. Jim DeMint told Chairman Ben Bernanke that the Fed’s purchases of Treasury bonds to try to drive down long-term interest rates could be weakening the value of the dollar and raising inflation risks.

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