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Wednesday, July 10, 2013

Monetary

News                                                                                                                             
Politico | Ben Bernanke and the Fed: Lost in translation
Bernanke will speak Wednesday afternoon at a National Bureau of Economic Research conference in Cambridge, Mass., and is expected to talk about the 100 years of Fed history. But he also could try to clear up a more modern, and still fresh, kerfuffle over his recent statements during a news conference on monetary policy.
Market Watch | SEC lifts hedge-fund advertising ban
The Securities and Exchange Commission on Wednesday approved a rule lifting a decades-old ban on hedge-fund advertising. By a 4-to-1 vote, the commission will allow hedge fund and private-equity firms to advertise, with constraints including alerting the commission ahead of an offering.

Econ Comments & Analysis                                                                                            
Market Watch | Fed's Williams: Moderation may be best policy
Economic research suggests that moderation might be the best course for the Federal Reserve, given uncertainty about the effects of its new asset-purchase program, said John Williams, the president of the San Francisco Fed Bank, on Tuesday.
AEI | Three things Bernanke won’t mention at his press conference
AEI scholars John Makin and Desmond Lachman discussed the possibilities of a recession, deflation, and costs of continuing QE in a conference call on June 26, 2013.  Below are their insights to supplement what you won't hear today.

Blogs                                                                                                                             
WSJ | What to Look for in Fed Minutes
Investors, traders and others who have had trouble digesting the Federal Reserve’s recent messages will have more to chew on today with the 2 p.m. release of the minutes of the central bank’s June policy meeting.
Market Watch | Summers, not Yellen, leading candidate for top Fed job: report
Former Obama economic adviser Lawrence Summers, and not Fed Vice Chair Janet Yellen,  is the leading candidate to replace Fed Chief Ben Bernanke should he chose to step down when his term ends early next year, according to a report by Politico on Wednesday.