Bernanke Auguest

--leave benchmark interest rte at 5.25%, he rebuffed calls for a more balanced assetment --U.S conomy expaned at a 3.4% annual pace in Q2, fastest in more than a year, yet it is because Q1 GDP revised lower --Prices increases have slowed for 4 straight months under Fed's preferred gauge (core PCE). Cor PCED price index rose 1.9% in June.