Mehrling on New Book, Fed; Downey on Politics, Economy: Audio

Perry Mehrling, author of ``The New Lombard Street: How the Fed Became the Dealer of Last Resort,'' talks with Bloomberg's Kathleen Hays about his book on the Federal Reserve and quantitative easing. Teddy Downey, managing director and partner at Washington Research Group, discusses the cross-influences of U.S. politics and the economy and legislation facing Congress in 2011.

(Source: Bloomberg)

Running time 30:59

-0- Dec/22/2010 15:45 GMT

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