David Resler, chief economist at Nomura Securities International Inc., talks with Bloomberg's Ken Prewitt and Tom Keene. For more ``Surveillance'' and ``On the Economy'' podcasts, please visit iAmplify.com.
Federal Reserve Chairman Ben S. Bernanke is betting that surging prices for food and fuel won’t wind up breaking the cost of living for Americans. The historical record shows the odds are in his favor.
Federal Reserve policy makers meeting today may not be impressed enough with the surge in U.S. corporate profits to change their view that interest rates need to stay near a record low to keep the recovery going.
The cost of living rose less than forecast in October and housing starts dropped, validating Federal Reserve Chairman Ben S. Bernanke ’s decision to give the U.S. economy another dose of monetary stimulus.