Pimco Sees Slow Rate-Rise Pace in `New Neutral'

May 13 (Bloomberg) -- Richard Clarida, global strategic adviser at Pacific Investment Management Co., talks about the outlook for the global economy and implications of the "new neutral." Clarida speaks with Tom Keene, Scarlet Fu and Adam Johnson on Bloomberg Television's "Surveillance." James Lockhart, vice chairman of WL Ross & Co., also speaks. (Source: Bloomberg)

Former Yellen Adviser Says Recession a ‘Live Possibility’
47:53 - Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. Andrew Levin, an economics professor at Dartmouth College in Hanover, New Hampshire, and a former policy adviser to Yellen when she was the Fed vice chair, speaks to Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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