Bernanke Says 'Far Too Early to Declare Victory' on the Recovery, Gasoline Prices, Housing Major Concerns for Fed

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ABC News will air a Diane Sawyer interview with Fed chief Ben Bernanke on "World News" Tuesday at 6:30pm EST. Below are some highlights from the transcript.

Bernanke to Sawyer:

• "far too early to declare victory" on the economic recovery;
  
• the Fed was too optimistic early on in the recovery;
  
• the Fed won't "take any options off the table";
  
• lending to medium and large firms has picked up;
  
• gasoline prices are a "major problem" for the economy
  
• housing remains a "big concern" for the Fed;
  
• housing remains "pretty flat"; and
  
• housing will be a part of the full economic recovery.

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