It will be necessary to continue to monitor inflation developments carefully.
In this context, the committee judges that some inflation risks remain, and it will continue to monitor inflation developments carefully.
"Accordingly, in the months ahead, the Federal Reserve will continue to closely monitor inflation and inflation expectations," Mr. Bernanke said.
"Nevertheless, the inflation outlook remains highly uncertain, not least because of the difficulty of predicting the future course of commodity prices, and we will continue to monitor inflation and inflation expectations closely.
Just this week, in a policy statement, central bankers warned that "elevated energy and commodity prices, among other factors, may put upward pressure on inflation," and they pledged to "monitor inflation developments carefully".
9.22am BST ECB will "monitor inflation carefully over next 18 months" Meanwhile, over in Paris, ECB board member, Benoit Coeure reiterated his boss Mario Draghi's message from yesterday that it would do what it can to keep to inflation targets.
In its most recent policy statement, released Wednesday, Fed officials said they expected inflation "to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully".
The Fed will monitor inflation as it reviews its $600 billion Treasury bond-buying program, which is intended to bolster the economy by lowering interest rates, encouraging spending and lifting stock prices.
Yet inflation was almost an afterthought in the press release in which the Federal Open Market Committee, the central bank's policy-making arm, explained its surprise intervention: "The committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully".
