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Wednesday, June 5, 2013

Monetary

News                                                                                                                             
Politico | Foreign banks seek level field on derivatives
Foreign banks are hoping for a last-minute reprieve from the Federal Reserve and other banking regulators over new restrictions on how they run their U.S. derivatives businesses, after efforts to get Congress to come to their aid have been complicated by a broader fight over derivative market reforms.

Econ Comments & Analysis                                                                                            
Forbes | The Fed's Zero Interest Rate Policies Amount To A War On Jobs
It is easy to conclude that Federal Reserve policy has failed.  Despite record low rates generated by massive purchases of government and mortgage back securities, economic growth is stuck below 2.5 percent and unemployment remains far from pre-recession levels.
CNN Money | Bill Gross: Hey Fed, your stimulus isn't working
The saying may go "Don't fight the Fed," but Bill Gross, founder and co-chief investment officer of bond giant Pimco, is challenging the Federal Reserve and other central banks around the world.

Blogs                                                                                                                             
WSJ | Inflation Slows Across Most Developed Countries
The annual rate of inflation across developed economies fell to its lowest level in three and a half years during April, a development that opens the way for leading central banks to continue to shore up weak growth through stimulus measures.