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Thursday, October 20, 2011

Monetary

News                                                                                                                             
WSJ | Fed Official Discusses Securities Purchases
Eric Rosengren, president of the Federal Reserve Bank of Boston, made his comments Wednesday in an interview with The Wall Street Journal, just hours after a Fed report showed the economy picked up a little in recent weeks.

Econ Comments                                                                                                             
WSJ | Blame the Fed for the Financial Crisis
The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control.

Blogs                                                                                                                             
Daily Capitalist | The Fed Doesn’t Believe We Have Inflation
The CPI for September came out showing year over year price inflation at 3.9%, up from last month’s 3.8%. Prices increase 0.3% over August.