China Recovery Not Expected Over Short Term

Aug. 1 (Bloomberg) -- Kelvin Tay, the Singapore-based chief investment officer for the southern Asia-Pacific region at UBS AG’s wealth management unit, talks about China's economic growth. Tay also discusses Federal Reserve monetary policy and it potential implications for financial markets. He speaks with John Dawson on Bloomberg Television's "On the Move." (Source: Bloomberg)

Former Yellen Adviser Says Recession a ‘Live Possibility’
21:54 - 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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