Federal Reserve Chairman Ben Bernanke said on Wednesday that the U.S. central bank would remain alert to preventing inflation from declining too far from its goal of 2 percent.
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U.S. jobless claims declined last week in welcome news for the nation's battered labor market after the impact of a government shutdown on furloughed federal workers diminished.
The Federal Reserve is expected to maintain its massive bond-buying campaign when it concludes a two-day meeting on Wednesday and may point to softer readings on the U.S. economy to signal that the policy will be extended into 2014.
The United States faces a problem of too much debt, but any suggestion that this burden can be eased by allowing inflation to rise will just result in higher borrowing costs in the future, a senior Federal Reserve official said on Thursday.
