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Tuesday, January 17, 2012

Monetary

News                                                                                                                             
Investors.com | Despite Past Failures, Fed Looks To Print More Money
The media have busied themselves with touting the big economic rebound they see brewing in the U.S. We hope they're right. But if they are, why is the Federal Reserve getting ready to print even more money?
Bloomberg | IMF, EU May Need to Spend More to Avoid East Europe Crunch
The International Monetary Fund and other lenders, who spent $42 billion to stem an eastern European banking crisis after 2009, may be forced to commit more aid to the region to cushion the effects of banks cutting assets.

Blogs                                                                                                                             
WSJ: Real Time Econonmics | Economists Expect Fed to Raise Rates by 2014
Broadly speaking, the consensus is that the Fed will do nothing on interest rates in 2012. A few economists see it moving aggressively in 2013, but the majority don’t. By 2014, though, the consensus sees an end to the long-period of ultra low interest rates engineered by the Fed in response to the financial crisis and slow recovery.
Reason Foundation | Why the Fed Missed the Housing Bust
While it's unclear what purpose the article serves other than to suggest through 20/20 hindsight that key Fed policymakers were clueless about the state of the economy and implicitly asleep at the wheel, the article fails to recognize that every mainstream macroeconomic forecaster missed the call.