Oct. 28 (Bloomberg) -- Former Federal Reserve Governor Frederic Mishkin talks with Bloomberg's Kathleen Hays about the U.S. government's response to credit turmoil, the housing and mortgage markets and Fed monetary policy. ("On the Economy" is seen weekdays on Bloomberg TV. Source: Bloomberg)

00:00 Financial market "shock," Fed policies
03:37 Timing of U.S. policy response to crisis
05:33 Outlook for U.S. housing, mortgage markets
08:24 Credit market vs. stock market conditions
09:23 U.S. fiscal stimulus: design of policy
10:26 Inflation targeting: Japanese crisis example

Running time 13:49

Last Updated: October 28, 2008 15:14 EDT