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Tuesday, December 3, 2013

Monetary

News                                                                                                                             
Bloomberg | Volcker Rule Said Set for Dec. 10 Approval by Regulators
At least three U.S. regulators will meet on Dec. 10 to adopt the final version of the Volcker rule banning banks from making speculative bets with their own money, according to three people familiar with the planning.
WSJ | OECD Global Inflation Rate Falls Further
The annual rate of inflation across the world's largest economies fell for a third straight month in October, a development that suggests central banks may have to provide more stimulus, or at least not withdraw existing stimulus, to avert the threat of deflation.

Econ Comments & Analysis                                                                                            
Mercatus | The Fed Is Biting Off More Than It Can Chew
With the full Senate likely voting to confirm her nomination later this month, Janet Yellen is now poised to take over as chair of the Federal Reserve when current chairman Ben Bernanke's term expires on Jan. 31.

Blogs                                                                                                                             
Market Watch | Lawmakers to investigate burdens on small banks, credit unions
A House committee will hold a hearing Tuesday morning examining the impact of post-recession reforms on small banks and credit unions.
WSJ | Fed Official: Tests of New Tool Are Going Well
An official responsible for implementing Federal Reserve monetary policy said Monday that tests of a new tool, designed to help the central bank control short-term interest rates when the time comes to tighten monetary policy, appear to be going well.