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Tuesday, June 12, 2012

Monetary

News                                                                                                                             
Bloomberg | Fed’s Evans Says He Would Support Various Stimulus Plans
Federal Reserve Bank of Chicago President Charles Evans said he would support a variety of measures to generate faster job growth, underscoring his preference for more stimulus.

Econ Comments & Analysis                                                                                            
Washington Times | Wrong tools for the job
Assume you are a skilled heart surgeon and your patient needs a new heart valve, but you were given a spoon rather than a scalpel to cut open a chest. Relying on the Federal Reserve and the European Central Bank (ECB) to cure the lack of job growth is going to be no more effective than giving a heart surgeon a spoon.