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Tuesday, September 10, 2013

Monetary

News                                                                                                                             
CNN Money | Fed official: Jobs report won't stop taper
At least one Federal Reserve member doesn't think last week's jobs report is reason enough for the Fed to put its tapering plans on hold.
Bloomberg | FDIC Adopts Rule Change for U.S. Bank Branches in U.K.
The Federal Deposit Insurance Corp. approved a rule responding to concerns that commercial depositors in overseas branches of U.S. banks could be disadvantaged in the event of a lender’s collapse.

Econ Comments & Analysis                                                                                            
Real Clear Markets | A Fed Study Acknowledges QE As a Costly Failure
In recent months economic commentators and financial markets have focused almost excessively on the Federal Reserve's quantitative easing ("QE") policy as the market's main driver. However, last month two senior economists at the Federal Reserve published a report entitled 'How Stimulating Are Large-Scale Asset Purchases' which calls this devotion into question.