Feds Yellen, in a letter to U.S. lawmaker, says strong majority of - TopicsExpress

Feds Yellen, in a letter to U.S. lawmaker, says strong majority of FOMC believes asset purchases have been effective. Ms. Yellen repeats that the Fed Bond purchases not on a pre-set course, Fed aware of potential risks posed by Bond buying. Just after midday, Stocks turn negative, Bonds underwater as investors take advantage of the higher prices to book profits. A report alleges that the Unemployment Rate was faked ahead of the 2012 Presidential Election. It went from 8.1% in August to 7.8% in September. This according to a recent probe and documents from the Census Bureau. The manipulation could be because of time constraints and not for political gain. More to come on this subject.

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