Fed Reserve Chairman Say's "Not in the business of inflation" From Jekyll Island Conference

“We're not in the business of trying to create inflation,” Ben Bernanke stated from a panel at the Fed conference in Jekyll Island, Georgia. The Federal Reserve Chairman defended Reserve policy amid concerns of rampant inflation via QEII. Many reserve watchers found it rather ironic the conference was held at Jekyll Island known as the "Gateway to the Gilded Era since 1954". Bernanke went on to say the Federal Reserve's goal behind QEII is "to provide additional stimulus to help the economy recover and to avoid potentially additional disinflation which I think we all agree would be a worse outcome,”As you may or may not know the Jekyll Island conference was held on the heels of Bernanke announcing a new $600 billion dollar asset purchase program this past Tuesday designed to stimulate our markets via quantitative easing.