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Friday, August 9, 2013

Monetary

News                                                                                                                             
Bloomberg | Currency Volatility at Almost Lowest Since May on Fed
A gauge of currency volatility fell to almost the lowest level in three months as traders weigh whether economic gains will be enough for the Federal Reserve to reduce stimulus measures next month.
Market Watch | Fed's Fisher: Markets may take tapering in stride
Financial markets may take in stride any decision by the Federal Reserve to step back from its asset purchase program, said Richard Fisher, the president of the Dallas Fed Bank, on Thursday.

Blogs                                                                                                                             
Economist | An unfinished revolution
Progress in the practice of monetary policy occurs one disaster at a time. From the depression of the 1930s economists learned that money matters, and that a contraction in the money supply can produce a painful downturn.