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Friday, June 28, 2013

Monetary

News                                                                                                                             
FOX Business | As Growth Slows, Fed Between a Rock and Hard Place
GDP growth was revised downward for the first quarter from 2.4% to 1.8% because consumer spending, business investment and exports grew less than previously estimated.
CNN Money | Fed officials in damage control mode
Federal Reserve officials are still in damage control mode , after comments about winding down stimulus frazzled markets last week.

Econ Comments & Analysis                                                                                            
Forbes | For Suggesting An End To QE, The Bernanke Fed Is Likely Stuck With QE
Usually, when a government starts financing itself with the printing press, it finds it mightily difficult to stop, even if there is some will to do so.

Blogs                                                                                                                             
WSJ | Low Inflation Highlights Fed Dilemma
Fed Chairman Ben Bernanke and other central bank officials maintain it’ll pick up. But a substantial band of economists outside the Fed is starting to challenge Mr. Bernanke’s diagnosis.