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Friday, August 17, 2012

Monetary

News                                                                                                                             
WSJ | Fed 'Hawks' Weigh In Against More Action
The Federal Reserve's "hawks" are speaking out against additional action by the central bank to spur the economy.
WSJ | Euro-Zone Inflation Hovers Above Target
Euro-zone inflation held steady for a third straight month in July, just above the European Central Bank's target rate, data showed Thursday.

Econ Comments & Analysis                                                                                            
Daily Finance | Merkel Supports Euro, Again
Angela Merkel came back from an extended summer vacation and immediately said she supports efforts by the European Central Bank to buy the bonds of troubled sovereigns. In theory, this will bring down yields and make borrowing for nations like Spain financially tenable.
Daily Finance | Fed's Kocherlakota Says Inflation Target May Have to Rise
Minneapolis Federal Reserve President Narayana Kocherlakota is generally considered a deficit and inflation hawk who mostly opposes both economic stimulus and increases in inflation above the Fed's "around 2%" target.