"Bernanke acknowledged that inflation is surging in emerging economies. But he downplayed the risks to the U.S. economy, even as lawmakers expressed concerns about rising gasoline and food prices.
Inflation in the United States remains "quite low," Bernanke said. He blamed higher prices on strong demand from fast-growing countries such as China-- not the Fed's policies to stimulate the economy, including buying $600 billion worth of Treasury debt.
Bernanke's remarks suggest the Fed will stick with the bond-buying plan through June, as scheduled. The program is aimed at invigorating the economy by lowering rates on loans and boosting prices on stocks."
*There's your $trillions....stimulus, QE'S........I didn't know it was the job of the FED to PONZI the stock market.....how will the market do without manipulation,,,,,this is part and parcel why I dont believe in the recovery it is a mirage
D
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