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Aix en Provence - us while vote Tuesday during an election expected to pass Congress right voters fed convenes what could be more central meeting since the height of the financial crisis.

The Central Bank has been designed to be highest politique.Mais influence policy decisions are not entirely immune from political environment.

A more conservative Congress would reduce the already thin chance that arise more budgetary support, placing the burden squarely on the shoulders of the Federal Reserve to consolidate an inert economy.

Douglas Holtz-Eakin, an economist who advised John McCain's presidential campaign unsuccessful 2008, said normally Fed calm preserves around the elections in order to avoid any semblance of participation policy.

This time, the Central Bank has sent a clear signal that is expected to take measures, and investors are convinced that the move will come this week in the form of recovery biens.établissement policy meeting this week lasts two days, purchasing for the announcement of the Federal Reserve will come Wednesday just after the election.

"It seems to me a little desperate," Holtz-Eakin said, adding that he was not convinced that another round of money printing would do much to stimulate the economy.

"I would have liked to see them cling to their ammunition where we really need."

Party democratic President Barack Obama should lose its majority in the House of representatives, while the Democrat-controlled Senate can move closer to a 50/50 split.

Republicans opposed the stimulus 814 billion last year a central element of their election campaign, the voter dissatisfaction with the slow pace of the recovery package and low labour market.

La maison blanche, recognizing that there are probably not enough political support, said little stimulus supplémentaires.Toutefois, two former Obama-budget ex Director Peter Orszag and former Romer's Christina economic adviser - administration officials have pressed hard for more assistance.

"The necessary changes in fiscal policy are extremely unlikely", Orszag wrote in the New York Times last week. "If we have been relying on monetary policy... which can create more problems that it solves.?

Orszag has warned that the easy money from the Federal Reserve makes exceptionally cheap Government borrowing, leaving less inclined to tackle the deficit reductions Congress medium-term that he believes are essential to a sustainable recovery.

On the jobs report...
This week brings a genuine feast for Bank centrale.En observers over the US Federal Reserve, European Central Bank and the Bank of England hold their meetings on Thursday and the Japan Bank presented its next review of the policy of Thursday and Friday, heightening the speculation that it can ramp up its own program for the purchase of goods after the announcement of the Federal Reserve.

No policy change should the ECB or the BoE, especially after reading surprisingly strong week last on economic growth of the Great Britain the third quarter.

In a sign of the action-packed how next week is, U.S. employment report Friday - normally the undisputed champion of data - received relatively little attention.

Economists polled by Reuters are expect poor gain 60 000 jobs, about the quarter the number of analysts see as necessary to start by dragging the unemployment.

History: Investors are waiting for the elections, but reserve can weigh pleased

Obama said Friday that Democrats and Republicans share responsibility for promoting employment growth after the elections and urged Congress to approve tax breaks for business was proposed as a means of stimulating employment.

Once the Fed announcement is released, jobs will probably go back into the spotlight of investors.

Michael Hartnett, world equity Chief Strategist at Merrill Lynch, Bank of America - said the payroll is the "big game-changer" for the market, not only on Friday, but by next year.

"If (corporate) profits decline before the employment growth is accelerating, and then browse to outperform stocks, bonds," he said in a note to clients. "If payroll pick before slowing growth in profits, and then locate shares to outperform bonds.

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