Unintended Consequences News
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Federal Reserve Bank of Philadelphia President Charles Plosser said he favors phasing out the Fed’s purchases of mortgage-backed securities.
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It sounds like a Bond villain’s idle fantasy. An enchanted machine that can produce any instrument of criminality you can think of: weapons, money, illicit keys, magical pills.
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Group of Seven finance chiefs indicated they will tolerate a sliding yen for now as they intensified their focus on Japan’s recovery strategy.
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Group of Seven finance chiefs signaled tolerance of the yen’s slide to its weakest since 2008, so long as it doesn’t get out of hand.
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Group of Seven finance chiefs signaled acceptance of the yen’s slide to its weakest in four years, so long as it doesn’t get out of hand.
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Italian Finance Minister Fabrizio Saccomanni said Group of Seven countries are on the watch for any negative spillovers from loose monetary policy.
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The lobbyist for grocers including Kroger Co. and Safeway Inc. is calling on President Barack Obama to curtail a U.S. health law provision that mandates the companies display the calorie content of all their foods.
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Robert Liang and his wife, Alice, are living arguments for backers of an immigration-law revision: Though undocumented, they’re hardworking small-business owners who don’t want government help. The immigrants from Taiwan also embody an argument for its opponents: They’re older than 50.
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U.S. regulators face renewed pressure from congressional lawmakers who voted today to ease Dodd-Frank Act derivatives requirements amid criticism from Wall Street and overseas officials that the rules overreach.
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Following is a transcript of European Central Bank President Mario Draghi’s comments from his monthly news conference in Bratislava today:
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