Bernanke Won't Rule Out Further Asset Purchases

Aug. 31 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said he would not rule out further bond purchases to boost growth and reduce unemployment, which he called a “grave concern.” “The costs of nontraditional policies, when considered carefully, appear manageable, implying that we should not rule out the further use of such policies if economic conditions warrant,” Bernanke said today in a speech to central bankers and economists at an annual forum in Jackson Hole, Wyoming. Michael McKee reports on Bloomberg Television's "Market Makers." (Source: Bloomberg)

How Long Will Chinese Growth Rates Decline For?
56:58 - China’s foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold dollars as the yuan’s retreat to a five-year low exacerbated depreciation pressure. UBS Head of Global Asset Allocation Mads Pedersen discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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