The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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Jobs, uncertainty drove QE3: Fed minutes

WASHINGTON (MarketWatch)
The sluggish job market and worries about Europe's debt crisis, Chinese growth and the so-called fiscal cliff closer to home pressed the Federal Reserve into launching its third round of large-scale bond buys, according to minutes released Thursday
The minutes of the Sept. 12-13 Federal Open Market Committee meeting aren't an extraordinary surprise, given the press conference delivered by Federal Reserve Chairman Ben Bernanke after announcing $40 billion of mortgage-backed securities would be purchased as well as speeches from several members
The minutes also showed "some participants" were less confident the new bond buys would work as well as past programs
The minutes indicated the central bank will talk more about the idea of conditioning future action on numerical targets instead of a calendar date, and the Fed also is weighing adopting a consensus forecast

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