Columbia's Phelps Discusses GDP, Inflation, Fed, China (Audio)

Edmund Phelps, a Nobel Prize-winning economist and professor at Columbia University, says "the Federal Reserve Bank averted a serious mistake" at the last minute by implementing a second round of quantitative easing. Phelps speaks with Bloomberg's Sara Eisen and Michael McKee on "Bloomberg On the Economy."

(Source: Bloomberg)

Running time 26:43

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