The U. S. Federal Reserve on Wednesday gave another indication that it would continue with its bond-buying stimulus program, even as the economy keeps on recovering.

Concluding its two-day gathering, the Federal Reserve said that it acknowledged the fact that the country's economy was recovering but added that it still needed support.

On June 19, Fed Chairman Ben Bernanke had hinted that central bank would likely start to rolling back its bond-buying stimulus program later this year, and then bring it to an end by the mid of 2014.

The central bank yesterday said it would continue purchasing $85 billion in mortgage & Treasury securities per month to support the economic recovery.

It also noted that lower than targeted rate of inflation could pose risks to economic growth. It said in a statement, "Inflation persistently below its 2 percent objective could pose risks to economic performance, but it anticipates that inflation will move back toward its objective over the medium term."

Chief Economist Scott Anderson, of Bank of the West, described the statement as a little "dovish", adding that the central bank didn't provide a comprehensive schedule for tapering asset purchases.

Recently released official figures showed that the U. S. economy grew at a faster-than-expected annual rate of 1.7 per cent during the quarter ended June 30.