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Liberty NewsWire: March 26, 2012

“As the U.S. economy continues to rebound and repair,” additional steps “may create an overcommitment to ultra-easy monetary policy,” St. Louis Fed President James Bullard said in a speech yesterday in Hong Kong. Atlanta Fed President Dennis Lockhart said in Washington that “we should hold the balance sheet where it is for the time being and watch how the economy evolves.”

The remarks from Lockhart and Bullard, who have never dissented from a decision by the Federal Open Market Committee, reflect broadening sentiment on the panel against further steps to spur growth. The Fed has held interest rates near zero since 2008 and purchased $2.3 trillion in bonds to spur growth after unemployment rose to as high as 10 percent in 2009. The jobless rate is now 8.3 percent, and the economy has been expanding for more than two years. - Bloomberg

Federal Reserve

Bloomberg – Fed Purchases of More Bonds Opposed by Two Regional Presidents

BusinessWeek – Bernanke Says Central Banks Should Learn More About Policy Tools

NDAA

The New American - Maine Joins the Fight Against NDAA; Other State Efforts Continue

War on Drugs

Guatemala Times – U.S. No Longer Dominates Drug War Agenda in Central America

Police State

TechDirt - FBI Turns Back on 2,750 of the 3,000 GPS Devices It Turned Off for Lack off a Warrant

Foreign Policy

BBC News - Obama in Push For 'World Without Nuclear Weapons'

Obamacare

Reuters - Supreme Court Weighs Historic Healthcare Laws

Forbes - As Supreme Court Hears Obamacare Arguments, What Employers Are Watching

States’ Rights

New York Times – Utah Asks U.S. to Give Back More Than 20 Million Acres of Land


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