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Wednesday, March 6, 2013

Monetary

News                                                                                                                             
Bloomberg | Surging Foreign Bank Reserves at New York Fed Won’t Alarm
A thawing in dollar markets for European banks may be making it easier for the Federal Reserve to fund its balance sheet, which has ballooned to a record of more than $3 trillion.

Econ Comments & Analysis                                                                                            
Market Watch | Fed's Plosser calls for tapering, then ending QE3
The Federal Reserve should begin scaling back its quantitative easing program with an eye toward stopping it before the end of the year, said Charles Plosser, president of the Philadelphia Federal Reserve Bank, on Wednesday.
Market Watch | Fed's Lacker says exit strategy a major concern
The Federal Reserve's planned exit strategy to hike rates and sell assets on its balance sheet will be tricky to execute, said Jeffrey Lacker, the president of the Richmond Federal Reserve on Tuesday.