The LookoutFed will continue asset-purchase program
Noting that inflation does not appear to be on the rise, Federal Reserve policymakers voted unanimously today to continue its $600 billion bond-buying program, in a bid to jolt the economy.
The result represents a vote of confidence in Chairman Ben Bernanke, who has championed the program. Some critics, especially on the right, have expressed concern that the asset buys could trigger price rises and won't help the economy.
Whether the current $600 billion bond-purchase initiative will be extended after it expires in June remains to be seen.
(Photo of Bernanke: AP/Dennis Cook)
