Politicians also likely to repeat the promise to continue to buy bonds until the labor market prospects improve significantly. A drop in the unemployment rate to 7.7 percent in November from 7.9 percent in October was driven by workers who leave the labor market, a fact the Fed disappoints. “The economic climate seems ripe for those who support the continued Fed accommodation,” said Victor Li, professor at the Villanova School of Business Management and former St. Louis Fed in its latest program of Treasury purchases, known as Operation Twist, draws to a close, officials look set to …
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