Swonk, Broaddus on Fed Statement, QE3 Outlook
- 00:06:33
- Bloomberg
Swonk, Broaddus on Fed Statement, QE3 Outlook
Jan. 25 (Bloomberg) -- Diane Swonk, chief economist at Mesirow Financial Inc., and Alfred Broaddus, former president of the Federal Reserve Bank of Richmond, talk about today's Federal Open Market Committee policy statement and decision to specify a 2 percent goal for long-term inflation. Fed officials said their benchmark interest rate will stay low until at least late 2014 and anticipate that unemployment will remain high and inflation “subdued.” Swonk and Broaddus speak with Trish Regan on Bloomberg Television's "Street Smart." Michael McKee also speaks. (Source: Bloomberg)
Bloomberg | January 25, 2012
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