Bernanke Warns on Fiscal Cliff Impact
Federal Reserve Chairman Ben S. Bernanke said the prospect of more than $600 billion in spending cuts and tax increases “clearly” is having an effect on economy “even though we’ve not yet even reached the point of the fiscal cliff kicking in."
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Phelps: China Quite Happy With Weakening Currency
48:28 - Arnab Das, head of Emerging Markets macro research at Invesco Asset Management, and Mark Phelps, chief investment officer for concentrated global growth at AB, talk about the weakening of the Chinese yuan. They speak with Bloomberg's Anna Edwards on "Bloomberg Surveillance." (Source: Bloomberg)