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Friday, May 16, 2014

Monetary

Econ Comments & Analysis                                                                                            
Fortune | Larry Summers: Stormy weather ahead for the Fed
Former Treasury Secretary and top advisor to President Obama said today's low interest rates will probably make income inequality worse.
Market Watch | America is being damaged by low rates, weak dollar
Five years after the beginning of the economic recovery, after rock-bottom interest rates and trillions of dollars of quantitative easing by the Federal Reserve, the economy is growing about 2%.

Blogs                                                                                                                             
WSJ | Cleveland Fed’s Expected Inflation Gauge Stirs Toward Higher Readings
The bank said Thursday the public’s expected rate of annual inflation 10 years out was 1.87% during the month of May, down from 1.88% in April but up from 1.74% in March and 1.77% the month before.