U.S. Budget Deal Helps Fed Decision

The budget deal reached this month in Congress seemed to be a comforting factor in allowing the Federal Reserve to reduce the size of its bond-purchase program.

Fed Chairman Ben Bernanke on Wednesday welcomed the modest agreement, saying renewed signs of cooperation may help boost confidence in the economy.

“Relative to where we were in September and October, it certainly is nice there has been a bipartisan deal,” Mr. Bernanke said at a press conference following the central bank’s policy meeting.


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