Skip navigation Scroll to top

Scroll to top

Bernanke defends Fed's asset purchases

February 27, 2013

Federal Reserve Chairman Ben Bernanke in his congressional testimony defended the central bank’s asset purchase program, as it is 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 as inflation is currently subdued, and inflation expectations appear well anchored,” Bernanke commented.