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Friday, May 4, 2012

Monetary

News                                                                                                                             
Market Watch | Jobs report won’t move Fed, analysts say
While a big disappointment for the U.S. economy, Friday’s report showing weaker-than-expected job growth in April didn’t give the Federal Reserve any reason to move, some economists said.

Econ Comments & Analysis                                                                                            
CATO | Inflation Isn't the Point of Monetary Easing
Matt O’Brien has been doing some great coverage of monetary policy recently. He and I agree that the Fed ought to be pursuing a more expansionary monetary policy. However, I think his specific argument for monetary easing isn’t quite right

Blogs                                                                                                                             
Economist | What Mario means when he talks about growth
The European Central Bank was playing away today, in Barcelona rather than Frankfurt, but the result would have been the same wherever its governing council met: a no-change score, with the main policy rate left at 1%.