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Tuesday, July 3, 2012

Monetary

News                                                                                                                             
Bloomberg | Fed Officials Signal Tighter Rules on Bank-Sponsored Money Funds
Federal Reserve officials spoke out twice in the past month to send a signal to money-market funds resisting tighter U.S. regulation. The message: New rules are coming, one way or another.

Blogs                                                                                                                             
Economist | Is the Fed pushing on a string?
Occasionally, I'm asked why I think the Fed can do more to support the economy (indeed, can for the most part engineer a complete recovery without much assistance from fiscal authorities) while its policy rate is effectively zero and long-term rates are close to all-time record lows.
WSJ | Fed’s Williams: Inflation Surge Won’t Happen
The Federal Reserve‘s massive balance sheet hasn’t sparked an inflation surge, nor is it likely to, a top central bank official said Monday.