Fed is expected to launch new bond buying program

Steve Helber

Ben S. Bernanke, Jeffrey Lacker

FILE - In this June 9, 2010, file photo, Federal Reserve Chairman, Ben Bernanke, right, listens with president of the Federal Reserve of Richmond, Jeffrey Lacker, left, at J. Sergeant Reynolds Community College in Richmond, Va. With an eye on the “fiscal cliff,” the Federal Reserve is expected to announce a new bond-buying plan to support the U.S. economy on Tuesday, Dec. 11, 2012. Lacker has said he thinks the job market is being slowed by factors beyond the Fed's control and he says further bond purchases risk worsening future inflation. (AP Photo/Steve Helber, File)

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