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Monday, May 21, 2012

Monetary

Econ Comments & Analysis                                                                                            
Bloomberg | Fed Proves More Bullish Than Wall Street Forecasting U.S. Growth
Stephen Stanley, chief economist at Pierpont Securities LLC, has derided the Federal Reserve for downplaying improvement in the U.S. economy. Yet his 2.6 percent forecast for growth this year is below the midpoint in the central bank’s projection of 2.4 percent to 2.9 percent.
Market Watch | Fed's Lockhart: No need for more QE at present
Atlanta Federal Reserve Bank President Dennis Lockhart on Monday said "sustained monetary accommodation" is appropriate in order to keep the U.S. economic recovery on track but that he doesn't see a need at present for another round of quantitative easing.

Blogs                                                                                                                             
Economist | The central banker's bogeyman
I enjoy reading the Atlanta Fed's macroblog. Lately, however, it has become useful as a source of insight into the mindset of the inflation-averse central banker, thanks to a some recent writing by the Atlanta Fed's executive vice president and research director, David Altig.