Bernanke commits to continuing asset purchases


Ben Bernanke mounted a robust defence of the Federal Reserve's asset purchase programme to the US Senate yesterday, downplaying the risks it poses to inflation expectations and financial stability.

Bernanke, the Fed chairman, said asset purchases – and wider policy accommodation – are clearly beneficial in the current economic conditions.

"Monetary policy is providing important support to the recovery while keeping inflation close to the FOMC's [Federal Open Market Committee's] 2% objective," he

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