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Wednesday, August 28, 2013

Monetary

News                                                                                                                             
CNN Money | The Fed's millionaires
Financial disclosure forms released Tuesday show that all seven current members of the Federal Reserve Board of Governors have assets worth more than $1 million.

Econ Comments & Analysis                                                                                            
WSJ | In Washington, Every Problem Is a Bank
We've been among those who find it preposterous that Washington's new board of regulatory wise men will spot emerging financial risks before they threaten the economy. After all, members of the new Financial Stability Oversight Council (FSOC) represent most of the same bureaucracies that failed to spot risks before the last crisis—and in many cases created them.
Real Clear Markets | It's Time To Ask If Dodd-Frank Will Help, or Hinder?
Last week, President Obama met with the top regulators to talk about financial reform. Given the daunting amount of Dodd-Frank implementation work on regulators' plates, a presidential pep talk was in order. In addition to words of encouragement for the weary regulators, the discussion ought to have included some soul-searching and tough love.
Bloomberg | The Fed and the Emerging Markets Peril
U.S. officials have taken to the airwaves over the last few days to absolve the Federal Reserve of blame for the recent turmoil in emerging markets, a response to some of the debate that arose from the Federal Reserve Bank of Kansas City’s annual meeting last week in Jackson Hole, Wyoming.