Gridlocked Washington Would Force Fed to Do More for Economy

From bnnbloomberg.ca

The tightly contested U.S. election puts pressure on the Federal Reserve to deploy even more monetary stimulus to support the economy under a divided government. The central bank is not expected to announce a shift in stance Thursday when Fed officials conclude a two-day meeting in Washington. But Chair Jerome Powell may hint at coming changes to the Fed’s bond-buying program, after chances of aggressive fiscal spending for households and businesses faded along with prospects of a Democratic government sweep. Treasuries rallied Wednesday as investors marked down the odds of a generous stimulus package turning their ... (full story)