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Wednesday, August 29, 2012

Monetary

News                                                                                                                             
USA Today | All ears turn to Bernanke's Jackson Hole speech Friday
Bernanke is expected to talk about what the Fed can — and might — do next to help the economy grow at a peppier pace, and what might prompt it to act. Investors will listen for clues to help decipher if, and when, Bernanke would inject a new round of stimulus.
Market Watch | Draghi: ECB will always act within its mandate
European Central Bank President Mario Draghi said the institution will always "act within its mandate," but noted that fulfilling its mandate to provide price stability "sometimes requires us to go beyond standard monetary-policy tools."

Econ Comments & Analysis                                                                                            
RCM | The Lost Bush/Obama Era Gave Us the Gold Commission
What must be understood is that it was a cheap dollar policy beginning in 2001 that underlay what is now known as the "Financial Crisis."
Investors.com | The Fed Shouldn't Double-Down On Failure
Even so, some speculate that Bernanke will announce this Friday — or at an upcoming Fed meeting — one of two policy moves.
Forbes | The First Gold Commission Scared the Dickens Out of the Fed
The thing about these moves is that they respond precisely to the two things that have become the top concerns of the public as these unacceptable last four years have unfolded.
Reuters | Trickle-down quantitative easing: James Saft
A Bank of England study, released last week, showed that its 325 billion pounds of bond purchases have disproportionately benefited the wealthiest, driving up the value of the assets they own.

Blogs                                                                                                                             
Cato @ Liberty | Swiss Monetary Policy: Dangerous Contradictions
The Swiss National Bank is conducting a bizarre, contradictory, and potentially dangerous set of monetary policies.