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Thursday, March 6, 2014

Monetary

News                                                                                                                             
Bloomberg | ECB Keeps Interest Rates on Hold as Draghi Gets Reprieve
The European Central Bank kept interest rates unchanged as stronger inflation (ECCPEMUY) and economic output reduced the need for officials to take action.
CNBC | Fed's Williams sees rate hike in mid-2015 as jobless rate falls
The Federal Reserve will probably need to start raising short-term U.S. interest rates in the middle of next year as economic growth picks up and the jobless rate falls, a top Fed official said on Wednesday.

Econ Comments & Analysis                                                                                            
CNBC | Fed's Plosser 'very worried' about QE consequences
Philadelphia Federal Reserve President Charles Plosser is "very worried" about the potential for unintended consequences of the Fed's massive quantitative easing program.

Blogs                                                                                                                             
WSJ | Yellen Says Fed Still Missing Its Goals
The Federal Reserve is still falling short of its goals of controlling inflation and fostering full employment, Fed Chairwoman Janet Yellen said Wednesday.