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BLOOMBERG: Bernanke Defends Asset Buying As Benefit Outweigh Risks

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.”

Read more: http://www.bloomberg.com/news/2013-02-26/bernanke-defends-as...