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Thursday, April 11, 2013

Monetary

News                                                                                                                             
FOX News | Fed minutes, released early, show most members support bond purchases at least through midyear
A majority of Federal Reserve policymakers want to continue extraordinary bond purchases to help boost the U.S. economy at least through the middle of the year, according to minutes from the Fed's last meeting released Wednesday.
Bloomberg | Central Bank Transparency Grows Under Geraats Pressure
Petra Geraats experienced the opacity of central banks first-hand. As a doctoral economics student at the University of California-Berkeley, she spent the summer of 1999 at the European Central Bank in Frankfurt. The paper she wrote said the infant institution should publish its economic forecasts.

Econ Comments & Analysis                                                                                            
Market Watch | Fed's Plosser: Time to scale back asset purchases
The Federal Reserve should start now to begin scaling back the pace of its bond-buying program asset given sufficient improvement already seen in the U.S. labor market, said Charles Plosser, the president of the Philadelphia Fed Bank, on Thursday.

Blogs                                                                                                                             
WSJ | IMF: Low Interest Rates Raise Risk of Money-Market Mutual Fund Run
Money-market mutual funds could face widespread investor panic if debt markets suddenly sour, the International Monetary Fund warned Thursday.