Economics: Inflation Is at a Record Low

Excluding the volatile food and energy categories, the core consumer index was unchanged for the third straight month. In the past year, the core index has risen by only 0.6 percent, the smallest increase since the index began in 1957.

Many leading Republican economists said earlier this week that the Fed's actions risk triggering runaway inflation.

For more, see U.S. Consumer Prices Rise Moderately in October, Inflation Tame by Associated Press, November 17, 2010 at FoxNews.com.