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Tuesday, April 15, 2014

Monetary

News                                                                                                                             
FOX News | Five things you should know about the Federal Reserve’s obsession with inflation
Americans struggle with stagnant wages and rising prices. Yet the Federal Reserve is obsessed with boosting inflation with easy money policies that may actually discourage reforms that would help jobs creation and lessen income inequality.
FOX Business | Food, Rental Housing Bump Up U.S. Consumer Inflation
U.S. consumer prices rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low.
Bloomberg | Yellen Says Higher Capital Rules May Be Needed for Big Banks
Federal Reserve Chair Janet Yellen said additional capital may be required for large U.S. banks whose source of funding could be at risk during a financial crisis.
WSJ | IMF Members Weigh Options to Sidestep U.S. Congress on Overhaul
The U.S. would lose its veto power on the International Monetary Fund's executive board under a plan being considered by some emerging economies. The countries are fed up with the United States' failure to ratify a four-year-old deal to restructure the emergency lender.

Econ Comments & Analysis                                                                                            
WSJ | Dodd-Frank Comes for the Insurers
For nearly 150 years, states have regulated America's insurance companies. In all that time, even during the 2008 financial crisis, this stable industry has fortified the broader economy. Now the federal government has set out to fix something that isn't broken, foisting federal banklike regulation on insurance companies.