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Monday, September 30, 2013

Monetary

News                                                                                                                             
Bloomberg | Fed Too Familiar With Lost Workers Seeks New Guideposts: Economy
It’s becoming increasingly clear why Federal Reserve Chairman Ben S. Bernanke should have avoided linking the central bank’s policy decisions to specific unemployment rates.

Econ Comments & Analysis                                                                                            
Forbes | The Federal Reserve Is Now Badly Hooked On Its Quantitative Easing
The Federal Reserve surprised most by not changing its present policy of buying $85 billion of government debt a month with the printing press. I suspect that Ben Bernanke himself is not too unhappy with this; nor is his Princeton Keynesian counterpart Paul Krugman.