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Rates are unlikely to rise anytime soon because of low inflation and slow growth of jobs, economists say.
Because of low inflation, Social Security beneficiaries did not receive cost-of-living adjustments in 2010 or 2011.
Because of low inflation, in real terms the growth of Brazilian incomes has started to keep pace with those of Argentines.
Mr. Bernanke gave a mostly optimistic assessment of the economy and said the Fed had the luxury to be patient about any increase in interest rates because of low inflation.
"It looks like the weakness in employment last month was a fluke, and the breadth of gains" in the Consumer Price Index suggest that "there will be less pushback against tapering because of low inflation," said Ryan Sweet, a senior economist at Moody's Analytics.
The additional money goes further because of low inflation, which has been caused by falling oil prices.
Similar(49)
But John Philpott, director of The Jobs Economist, said real wage growth would start to run out of steam in the autumn because the combination of low inflation, bumper pay packets and flat productivity was unsustainable.
That was partly because a long period of low inflation and economic stability reduced investors' perception of risk.
Mr Draghi said the ECB's own programme had been taken because it was necessary to "address heightened risks of too prolonged a period of low inflation".
This is because returns on many types of investment are expected to remain low as a result of low inflation levels.
The corollary of low inflation is low nominal earnings growth.
More suggestions(15)
because of low index
because of low cost
because of low rate
because of lower inflation
because of low prices
because of low coverage
because of low response
because of low abundance
because of low population
because of low power
because of low resistance
because of low number
because of low blood
because of low amount
because of low specificity
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com