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Tuesday, September 23, 2014

Monetary

News                                                                                                                             
Fox Business | Fed's George: Small Banks Ensnared in Regulation
Federal Reserve Bank of Kansas City President Esther George said Tuesday small banks around the nation are being hurt by rulemaking aimed at too-big-to-fail financial institutions.
Bloomberg | Kocherlakota Says Fed Should Give Timetable on 2% Inflation Goal
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said policy makers should improve communications by saying how long they expect it will take for price increases to reach their target level.

Econ Comments & Analysis                                                                                            
Wall Street Journal | Behind the Fed's Dovish Turn on Rates
The battle at the Federal Open Market Committee is now on. Score the previous meeting in late July for the inflation hawks, but last week's meeting went for the doves, who are more worried about jobs.