04:39:37
Bloomberg
Susan Phillips Says Fed Will Do 'What's Necessary'
Poole, Phillips, Weinberg and Faber's Own Words on Fed
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Ex-Fed Governor Meyer Says Economy on Edge of Recession
Phillips Says Fed May Be 'Pressured' to Cut Interest Rates
Bill Gross Says Fed Is 'Back in the Driver's Seat' This Year
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Susan Phillips Says Fed Will Do 'What's Necessary'
Susan Phillips, dean of George Washington University's School of Business and a former Federal Reserve Governor, talks with Bloomberg's Kathleen Hays from Washington about Federal Reserve monetary policy. The Fed cut its benchmark interest rate by half a percentage point to 1 percent, matching a half-century low, in an effort to avert the worst U.S. economic downturn in the postwar era. Holland & Co. LLC Chairman Michael Holland also speaks. (Source: Bloomberg)
Bloomberg | October 29, 2008
