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Friday, November 16, 2012

Monetary

News                                                                                                                             
CNN Money | Fed sets new stress tests for US banks
The Federal Reserve, preparing to embark on its latest round of so-called stress tests, released the details Friday of three economic scenarios it will use to judge the health of the U.S.'s largest lenders.

Econ Comments & Analysis                                                                                            
Market Watch | Fed's Plosser opposes more bond buying
More asset purchases by the Federal Reserve would not help the economy and would pose substantial risks to the central bank down the road, said Charles Plosser, the president of the Philadelphia Federal Reserve Bank, on Thursday.
Real Clear Markets | It's a Good Bet the Fed Doesn't Know What It's Doing
I often find myself rereading both the minutes and the transcript for the June 24 & 25, 2003, Federal Open Market Committee (FOMC) meeting. So much of that two-day meeting contained heavy discussion about the very conditions that we now find ourselves trying to overcome.