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Monday, January 30, 2012

Monetary

Econ Comments & Analysis                                                                                            
Washington Times | Fleeced by the Fed
The Federal Reserve Board announced plans last Tuesday to keep short-term interest rates at near zero for another three years and said it might embark upon another bond-buying program to drive down long-term interest rates.

Blogs                                                                                                                             
WSJ | Richmond Fed’s Lacker Explains His Dissent
U.S. Federal Reserve Bank of Richmond President Jeffrey Lacker, explaining an earlier dissent, on Friday said he doesn’t believe economic conditions are likely to warrant an exceptionally low federal funds rate through late 2014.