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Wednesday, February 20, 2013

Monetary

News                                                                                                                             
Bloomberg | Wholesale Prices in U.S. Rise 0.2% on Higher Food Costs
Wholesale prices in the U.S. rose in January for the first time in four months, reflecting higher costs for food and pharmaceuticals.

Econ Comments & Analysis                                                                                            
CRS | Federal Reserve: Unconventional Monetary Policy Options
The "Great Recession" and the ensuing weak recovery have led the Federal Reserve (Fed) to reevaluate its monetary policy strategy. Since December 2008, overnight interest rates have been near zero; at this "zero bound," they cannot be lowered further to stimulate the economy.