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.
The Federal Reserve next week is likely to affirm its pledge to keep interest rates low for an “extended period” and maintain the floor on its holdings of securities, say economists surveyed by Bloomberg News.
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.
The world’s largest economy will strengthen through next year as the Federal Reserve’s unprecedented actions help underpin consumer and business confidence, according to economists surveyed by Bloomberg News.