Congressman Barney Frank today released the following statement in response to the announcement by the Federal Open Market Committee that it would continue its program of quantitative easing.  In its statement, the FOMC specifically points to its statutory dual mandate to “foster maximum employment and price stability.”

I am pleased about today’s decision by the Federal Open Market Committee and Chairman Bernanke, who is one of the genuinely bi-partisan figures of our times.  To their great credit, they have refused to bend to pressure from those who wish to obstruct efforts to continue to improve our economy.