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Thursday, May 17, 2012

Monetary

Econ Comments & Analysis                                                                                            
Bloomberg | Several on FOMC Said Easing May Be Needed on Faltering
The Federal Reserve signaled further monetary easing remains an option to protect the U.S. economy from the danger that lawmakers will fail to reach agreement on the budget or Europe’s debt woes worsen.
WSJ | Pledge Week at the Fed
The ire over a trading stumble at J.P. Morgan shows how little taxpayers enjoy standing behind too-big-to-fail institutions. Remarkably, the same Federal Reserve that didn't blow the whistle on J.P. Morgan's "whale" trades is planning to make more such institutions.