Ben Bernanke actually said...

I think it is consistent with our mandate and with our current policy to maintain price stability, and that is what we have been achieving.

I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the long term.

Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.

The political challenge is to figure out how to do that.