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Fed QE3 May Hit $1 Trillion as Fiscal Deadlock Persists

The Federal Reserve stands as the only source of policy support for a U.S. economy burdened by 7.9 percent unemployment after the presidential election preserved the balance of power between Democrats and Republicans.

“If you’re going to get stimulus, it’s got to come from the Fed,” said Paul Edelstein, the director of financial economics at IHS Global Insight in Lexington, Massachusetts. “They’re the only game in town.”