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Thursday, April 26, 2012

Monetary

News                                                                                                                             
WSJ | Fed Holds Rates Steady, but Outlooks Shift
Federal Reserve officials reaffirmed their plan to keep short-term interest rates near zero until late 2014 to support economic growth, but hints emerged of policy makers' diverging views about how the central bank might proceed.

Econ Comments & Analysis                                                                                            
WSJ | Congress Finally Takes on the Fed
Two bills now before Congress make it clear that legislators are finally giving serious attention to a much-needed reform of the Federal Reserve System.

Blogs                                                                                                                             
Smart Money | The Fed in 57 Words
Here’s the full text of Wednesday’s Fed statement, plus a translation for those who don’t speak Fed.