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 Here we go again: Idiotic Fed set to expand its monetary stimulus

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Here we go again: Idiotic Fed set to expand its monetary stimulus Vide
PostSubject: Here we go again: Idiotic Fed set to expand its monetary stimulus   Here we go again: Idiotic Fed set to expand its monetary stimulus Icon_minitimeWed Dec 12, 2012 3:10 am
The Federal Reserve is expected to announce a fresh round of bond buying on Wednesday as part of its efforts to support a fragile economic recovery threatened by political wrangling over the government's budget.

The central bank looks certain both to extend its purchases of mortgage-backed debt and replace another expiring stimulus program with a new bout of money creation.

Policymakers are also likely to repeat a pledge to keep buying bonds until the labor market outlook improves substantially. A drop in the jobless rate to 7.7 percent in November from 7.9 percent in October was driven by workers exiting the labor force, a fact certain to disappoint the Fed.

http://www.foxbusiness.com/news/2012/12/12/fed-set-to-expand-its-monetary-stimulus/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxbusiness%2Feconomy+%28Internal+-+Economy+-+Text%29
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