inflation not anticipated

"Will the Federal Reserve's actions to combat the crisis lead to higher inflation down the road? The answer is no; the Federal Reserve is committed to keeping inflation low and will be able to do so. In the near term, elevated unemployment and stable inflation expectations should keep inflation subdued, and indeed, inflation could move lower from here."
-- Ben Bernanke, speech to the Economic Club of Washington, D.C. (Dec. 7, 2009)