News
Market Watch | Rousseff slams monetary policy in Obama meeting
Brazil’s president on Monday criticized what she called expansionary monetary policies during a White House meeting with President Barack Obama, saying that they ultimately lead to slower growth in developing countries.
Politico | Bernanke: Still trying to fix system
Chairman Ben Bernanke said Monday that the Federal Reserve is working to address the regulatory failures that were exposed by the 2008 financial crisis. But he cautioned that as the financial system evolves, new risks will emerge.
Bloomberg | Bank of Japan Keeps Policy Unchanged as Pressure Builds
The Bank of Japan (8301) refrained from expanding monetary easing to counter deflation, resisting pressure from lawmakers who five days ago rejected a nominee for the policy board.
Market Watch | Bernanke calls for better shadow bank regulation
The chairman of the Federal Reserve called Monday night for better regulation of the so-called shadow banking industry, which he says poses risks to the financial system as a whole.
Econ Comments & Analysis
Forbes | Good Money: Why Rep. Kevin Brady's Sound Dollar Act Worries Barney Frank
Why is Rep. Barney Frank rounding up his liberal legislative militia to oppose the Sound Dollar Act of 2012? Believe it or not, Frank’s beliefs do not always coincide with common sense reality.
Blogs
Free Banking | Penny Lame
Penny (read: zinc) lobbyists have been busy making the case that messing around with the penny, especially by doing away with it but even by altering its metal (read: zinc) content, will hurt American consumers.
Daily Capitalist | Liquidity Traps, Unemployment, and the Future of U.S. Equity Markets
Mr. Bernanke took pains to affirm the newly-won independence of the Bank of Japan and its discretion in grappling with a long running period of deflation (and depressed output)
