Bernanke said inflation remains quite low in the United States, a tough message to deliver amid headlines of rising food and commodity costs across the globe.
He also said expectations of future inflation had remained "stable," suggesting little worry a inflationary psychology was building despite rising gasoline costs.
"Inflation is expected to persist below the levels that Federal Reserve policymakers have judged to be consistent" with their mandate, Bernanke repeated.
http://www.reuters.com/article/2011/...7183J220110209