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JEKYLL ISLAND, GA -Federal Reserve Chairman Ben Bernanke has defended new Fed $ 600 billion program to help the economy Saturday, rejecting concerns that it will stimulate the hyperinflation.

Critical, including the US Federal Reserve officials fear that the money is injected into the economy could ignite inflation or bond or commodity price bubbles.

Speaking at a Conference on the coast of the Georgia, Bernanke said the new program, announced Wednesday, push inflation levels "super ordinary."

Reserve US Federal buy government bonds $ 600 billion in a bid to cheaper loans and get us to spend doing plus.Ce, contribute to economy and prompt companies to stimulate employment.

The economy has not been enough rapid growth to reduce unemployment, which has been stuck to a maximum of 9.6% for the three months of droites.La reserve US federal concern will that high unemployment, values House still weak and poor wage gains weigh on expenditures, a major business of consumer player.

Because businesses are reluctant to increase retail prices in this climate, inflation was running at very low levels.Giving the Fed latitude to launch the new program.

Earlier in the week, Bernanke has expressed confidence that the economy is on firm footing, the Fed can easily absorb all this money without detriment to the economy and triggering inflation.

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AP Economics Writer Jeannine Aversa in Washington contributed to this report.

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