BLOOMBERG: Bernanke Defends Asset Buying As Benefit Outweigh RisksSubmitted by emalvini on Tue, 02/26/2013 - 14:18
BLOOMBERG: Bernanke Defends Asset Buying As Benefit Outweigh Risks
Bloombeg Video: http://www.bloomberg.com/video/bernanke-testifies-to-senate-...
By Jeff Kearns & Joshua Zumbrun
Feb 26, 2013 | 9:09 AM PT
Federal Reserve Chairman Ben S. Bernanke defended the central bank’s unprecedented asset purchases, saying they are supporting the expansion with little risk of inflation or asset-price bubbles.
“We do not see the potential costs of the increased risk- taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery,” Bernanke said today in testimony to the Senate Banking Committee in Washington. “Inflation is currently subdued, and inflation expectations appear well anchored.”