At a time when U.S. economic indicators seem to signal otherwise, Federal Reserve Board chairman Ben Bernanke yesterday delivered an optimistic outlook for the economy, pointing to “tentative signs” that the pace of the decline may be slowing down.

In a speech delivered at Morehouse College in Atlanta, Bernanke also noted that while inflation is not a concern right now, the potential inflationary threat from the Fed’s quantitative easing means the monetary policymakers stand ready to “remove some of  that liquidity and raise the federal funds rate.”

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