Federal bonds for job growth

The Federal Reserve's October meeting hinted that the FED may start a Treasury-buying plan in  2013 to spur job growth. It would replace "Operation Twist" which is expiring at the end of the year. This new program will be added on top of the $40 billion mortgage buying program initiated in
September to reduce long term rates, and make house buying more affordable. Critics of the FED fear pumping all this money into the economy is enlarging the risk for high inflation. FED Chairman, Ben Bernanke has stated the bigger risk would come from not doing enough to boost a continuing sluggish economy. The slow growth of the economy (at less than 2% this Oct-Dec quarter) is not sufficient enough to help the 7.9% unemployment improve.