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Tuesday, May 8, 2012

Monetary

Econ Comments & Analysis                                                                                            
American Interest | The Once and Future Dollar
The dollar is involved in 85 percent of global foreign exchange trades. Fully 80 percent of all over-the-counter foreign exchange transactions involving the yuan and the yen are trades of those currencies for dollars.
Market Watch | Fed's Dudley: QE will stop if it causes inflation
A top Federal Reserve official on Tuesday assured foreign economic policymakers that the Fed's policy to purchases assets "will not continue the moment" it looks like it may be generating inflation.

Blogs                                                                                                                             
John Taylor | A Diverse and Wide Open Hearing on Fed Reforms
The House Domestic Monetary Policy subcommittee, with Ron Paul in the chair, is holding hearings tomorrow (May 8) on six proposed bills to reform the Fed.