



Kevin Grice, a senior economist at American Express Bank Ltd., talks with Bloomberg's Nigel Stevenson in London about Federal Reserve monetary policy, the impact of U.S. subprime loan defaults on economic growth and the outlook for the dollar, euro and yen. U.S. subprime borrowers fell behind on their mortgages at the highest rate in four years in the fourth quarter and foreclosures begun on all types of home loans rose to an all-time high, the Mortgage Bankers Association said March 13. (Source: Bloomberg)
