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No Help Will Come From Fed Until January 2013: Expert

Wednesday, 18 Jul 2012 | 5:00 AM ET

"Democrats are very desperate for the Fed to move sooner rather than later to give this economy a boost before the election but Bernanke is desperate for Washington to do something about this fiscal cliff. Everything that is coming from Capitol Hill leads me to believe that no help is coming until January 2013," James Pethokoukis, columnist American Enterprise Institute, told CNBC.