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In the minutes yesterday from the last meeting.
That -- is moving closer to more stimulus and that would be bond buying here with more is fox business's -- pair off the look and see a lot of markets have.
-- Chinese that meant it may idiots.
Could be news out of Europe but -- could made that people are realizing that the Federal Reserve is some kind of losing its motors has.
What losing its much of first that we're already doing Operation Twist an Operation Twist will run through the end of the year.
The question that we learned that they're debating or discussing.
Pick your adjective over.
I ended it Federal Open Market Committee is what form should the bond buying take is it gonna be mortgage backed securities is going to be treasuries a little bit of both.
And you have the centers like Richard Fisher who don't think that at this point it really -- had during the whole heck of a lot you've got Democrats in congress pressuring the Federal Reserve.
To do something regarding unemployment.
The big question is will they do it in September before the election certainly anything they do or don't do.
Isn't going to impact unemployment in time for the election.
So the -- politics of it may not work to the democrats' advantage but.
It's also rare for the Fed to do something in -- September right before election time but we see that they're concerned about the economy not picking up kind of speed they want.
We'll clear that that's the only thing is if the Federal Reserve and its its cost -- the concern about high unemployment.
What they've already done and how much is it really how much -- have effect has it had on driving unemployment lower.
That's the issue and then Richard Fisher again -- reserve bank president out of Dallas was just on this network he was on with David -- not too long ago.
Talking about the fact that quantitative easing really hasn't done as much as they would like it to have done and he isn't sure it will do much more.
He then points the accusatory finger right back to congress and he uses language and this is not a man you can dismiss this is Richard Fisher.
-- says congress has the ability to unleash an economic.
Giant the United States if they would jest of one avoid the fiscal cliff and to get our tax policy.
Under control but that's really what a lot of fed presence on only -- -- that congress controls the strings here needs to be something.
Right and -- on -- a -- actually an editorial in the Wall Street Journal about the fiscal cliff and part of the problem is that these tax cuts are to our have always had expiration dates on -- and -- temporary.
And two years ago.
Almost two years ago they kicked down a road once again with that a temporary extension -- them.
And you've got Ben Bernanke and the Federal Reserve any game of chicken with congress.
He's got the Fed trying to create inflation everyone is afraid when they talk about quantitative easing.
Of out of control inflation but we just haven't had it hasn't come about from what they've done.
You've got the Fed.
Looking -- congress saying it's -- Bernanke actually saying you guys.
Need to be doing something there was for to have -- thoughts -- they would do it at their last meeting they didn't.
There have been some little inkling is that the economy is.
Kind of like a G-8 on a cold morning in Cleveland Ohio you know you it's it's turning over but it's not exactly running -- optimal speed.
But -- a game of chicken and then some people abetting investors are betting yesterday that -- be the Fed that.
As always appreciate the -- reference you got it there's always midwest and cars and eleven -- we'll see you next hour thank you so much that Adam Shapiro with Fox Business.
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