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When time comes for the Federal Reserve and other central banks to ward off inflation by boosting interest rates from the current super-low levels, they shouldn’t pussyfoot around, an economist and expert on monetary policy warned Saturday.Academic: Fed rate boosts should be aggressive (AP News)

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Marlys Harris, CBS MoneyWatch.com’s personal finance advocate, stands up for you against the annoyances, rip-offs, and absurdities of modern financial life.A Rollback of Credit Card Rate Hikes? - CBS MoneyWatch.com

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Loan Relief Gets Respect (American Bar Association)Nothing impresses legislators like the voices of their constituents, thought Michael Pellicciotti, immediate past chair of the ABA Law Student Division.

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Plastic People (Santa Fe Reporter)When President Barack Obama speaks in Albuquerque on May 14, he’s expected to talk about the credit card reform measure he wants Congress to pass this month.

TODAY’s financial editor Jean Chatzky, CNBC personal finance correspondent Sharon Epperson and CNBC’s On the Money anchor Carmen Wong Ulrich offer viewers smart financial advice.Money 911: Budgeting your kids’ education (MSNBC)

It’s only been 14 weeks since Kerri Hudgens of Midwest City lost her job. But to her, it feels terribly long.”I’ve had a little trouble staying positive and up,” said Hudgens, who is 50 and single with a 15-year-old daughter. “It’s especially hard watching my savings account dwindle to half and trying to gauge how long I should wait before I put my house on the market.” Bills for unexpected car .Unemployed fight an uphill battle (The Oklahoman)

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Many of us have heard that cutting an expired credit card in half with scissors will thwart would-be criminals. Not so, thanks to a security flaw in some cards.Stop credit-card thieves, cleanse your body, eat cheap (The Rock Hill Herald)

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