JPMorgan's Feroli on U.S. Payroll Tax Fight, Fed

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Dec. 21 (Bloomberg) -- Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., talks about the impact of the political showdown between House and Senate Republicans over extension of the payroll tax cut on the U.S. economy. Feroli, speaking on Bloomberg Television's "InBusiness With Margaret Brennan," also discusses the outlook for Federal Reserve policy. (Source: Bloomberg)

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