BusinessWeek - Amid a plunging stock market, rising inflation, and widespread jitters about the U.S. financial system, what better time for Federal Reserve Chairman Ben Bernanke to deliver to Congress his semiannual testimony on the U.S. economy? In his July 15 testimony to the Senate Banking Committee, the Fed chief noted that inflation risk to the U.S. economy has intensified, but also emphasized downside risks to growth.

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