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Thursday, September 29, 2011

Monetary

News                                                                                                                             
National Journal | Fed Officials Explain 'Operation Twist' Decision
Federal Reserve officials are making the rounds this week to discuss the Fed’s latest effort to boost the economy. The divided central bank announced two new measures last Wednesday: “Operation Twist” and a new decision on reinvesting the proceeds of its portfolio.

Econ Comments                                                                                                             
Investors.com | A Frank 'Cure' For The Fed
If two people always agree," says Ben Bernanke, "one of them is redundant." So, imagine what the Federal Reserve chairman thinks of Rep. Barney Frank's legislation designed to dampen dissent within the Fed.
WSJ | Last Chance to Save the Euro
A Greek default won't destroy Europe's currency. Bailouts will.
WSJ | Politicians Are Threatening the Fed's Independence
Stripping the regional bank presidents of their votes would make the system a weak creature of Washington.

Blogs                                                                                                                             
WSJ: Real Time Economcis | Fed’s Plosser: Recent Stimulus Undermines Credibility
The Federal Reserve‘s recent bids to provide more economic stimulus are futile and ultimately make future policymaking more difficult.