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Thursday, October 17, 2013

Monetary

News                                                                                                                             
CNBC | Debt deal done, but dollar's demise deep-rooted
U.S. politicians may have side-stepped a debt default at the 11th eleventh hour on Wednesday, but currency analysts have told CNBC that the dollar's status as a reserve currency will suffer long-term damage from the impasse.

Econ Comments & Analysis                                                                                            
FOX Business | Fisher: Fed Can't Act Effectively Unless D.C. Gets 'Act Together'
The U.S. Federal Reserve cannot effectively fight high unemployment unless Congress and President Barack Obama "get their act together" and fix the nation's fiscal problems, a top Fed official said on Thursday.

Blogs                                                                                                                             
FOX News | Don't expect magic from Janet Yellen at the Federal Reserve
What will Janet Yellen, the nominated chairman of the Federal Reserve, do to fix the economy?
WSJ | How to Deal With ‘Too Big to Fail’
Many Americans think the nation’s largest banks are “too big to fail” and should be smaller. But there’s arguably a more pragmatic way to make banks safer for the economy: Force them to significantly enlarge their capital buffers—and add to these in good times.