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Tuesday, February 26, 2013

Monetary

News                                                                                                                             
Bloomberg | Fed Faces Explaining Billion-Dollar Losses in QE Exit Stress
Federal Reserve Chairman Ben S. Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels.
National Journal | Could Bernanke's Testimony Signal an Early End to Easy Money?
Folks from Wall Street to Washington are hoping for a better sense this week of when the central bank’s latest unemployment-fighting program, an open-ended round of bond-buying known as QE3, will come to an end. 
Market Watch | Fed's Lockhart backs QE at least into second half
The Federal Reserve should stick with its current $85 billion per month bond-buying program, at least into the second half of the year, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank, on Monday.