China Unlikely to Free Yuan in 5 Years
March 15 (Bloomberg) -- Eswar Prasad, a former International Monetary Fund official who is now a professor at Cornell University in Ithaca, New York, talks about China's leadership changes and the implications for the nation's political and economic prospects. Prasad, who is also a senior fellow at the Brookings Institution in Washington, speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
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Monetary Policy Appears Close to Its Limits, Says Wilson
11:46 - Federal Reserve official Charles Evans has added his voice to forecasts for up to three interest-rate increases by the end of 2017. The bond market shows traders aren’t ready for that many. Chicago Fed President Evans joined San Francisco counterpart John Williams, who last week said he supported one rate move this year and “a few” the next. Domestic growth hasn’t been the Fed’s only consideration in 2016. Concern China’s economy is slowing helped put the Fed off a potential rate increase earlier this year. Goldman Sachs Asset Management Global Head of Fixed Income Andrew Wilson discusses with Mark Barton on "Bloomberg Surveillance."