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Monday, March 31, 2014

Monetary

News                                                                                                                             
FOX Business | Fed's George Wants End to Zero Rates, Doesn't Give Date
A top Federal Reserve official who has often warned of the risks of keeping U.S. interest rates too low for too long said on Friday she wants to see how winding down the Fed's massive bond-buying stimulus goes before setting out any path for rate hikes.
CNN Money | Deflation risk raises head again in Europe
Price pressures in the eurozone continued their four-month slide in March, sparking renewed talk about the risk of deflation and central bank action to spur the economy.

Econ Comments & Analysis                                                                                            
Market Watch | U.S. too-big-to-fail subsidy as high as $70 billion, IMF says
The too-big-to-fail subsidy that banks implicitly enjoy was worth up to $70 billion in the U.S. and $300 billion in the euro area in 2012, the International Monetary Fund said Monday.
WSJ | What Europe Can Learn From the U.S. Bank Crisis
Against a backdrop of stagnant euro-zone economic output and declining inflation, expected to fall below 0.6% for this month, European Central Bank officials signaled on March 25 that they were willing to take far more aggressive action to drive down borrowing rates for private business.