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Wednesday, July 3, 2013

Monetary

News                                                                                                                             
WSJ | Big U.S. Banks Face Tougher Standards
Financial regulators on Tuesday stated explicitly what they have been signaling for months: More action is needed to reduce risks posed by the nation's largest banks to the broader economy.

Blogs                                                                                                                             
Economist | Look both ways
Most stories on China over the past few months have included some variation on the chart below, which appeared in a recent Free Exchange column ("Taking credit for nothing").
WSJ | NY Fed’s Dudley: Fed In No Rush To Tighten Monetary Policy
A leading policy maker at the Federal Reserve said Tuesday that even as the economy’s underlying fundamentals improve, the central bank isn’t yet ready to begin tightening monetary policy.