Federal Reserve Chairman said today in a prepared testimony to the House Financials Services Committee in Washington that keeping the bond purchasing option on the table is intact even as the jobless rate fall and elevated oil prices may cause inflation to hike tentatively.

Despite of the elevated unemployment rate is elevated and a subdued inflation outlook, the Fed will is sustaining a highly accommodative stance for monetary policy and fully consistent with promoting both Fed's goals.

Bernanke said today In light of somewhat different signals received from the labor market than from indicators of final demand and production, however, it will be especially important to evaluate incoming information to assess the underlying pace of economic recovery., backing the option of a QE3.