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Friday, March 16, 2012

Monetary

News                                                                                                                             
USA Today | Gas price is $4 or more for almost one-third of drivers
Nearly one-third of the nation's drivers now fork out $4 or more for a gallon of gasoline.
National Journal | Despite Rising at 10-Month High, February Inflation Unlikely to Affect Fed
Despite rising at its highest rate in 10 months, the February rise in inflation is unlikely to affect the Federal Reserve's outlook. 
Bloomberg | Dollar Weakens as Inflation Data Back Fed Stance
The dollar weakened against most of its major peers after U.S. inflation data fueled speculation Federal Reserve policy makers will maintain economic stimulus.

Econ Comments & Analysis                                                                                            
Market Watch | Fed's Lacker sees rates rising before late 2014
Federal Reserve Bank of Richmond President Jeffrey Lacker said in a statement early Friday that he believes the Fed will need to raise its fed funds target rate earlier than late 2014.

Blogs                                                                                                                             
Daily Capitalist | Caution: Falling Currencies
In 1913, the US Congress authorized the creation of the Federal Reserve. Its mandate was limited, but it grew over time to become the central planner of all things monetary.