NYU's Silber on Fed's Decision, U.S. Economy

Jan. 30 (Bloomberg) -- William Silber, a professor at New York University, talks about the Federal Open Market Committee's policy statement and the outlook for the U.S. economy. The Federal Reserve will keep purchasing securities at the rate of $85 billion a month as the economy paused because of temporary forces including bad weather. Silber speaks with Mark Crumpton on Bloomberg Television’s “Bottom Line.” Bloomberg’s Michael McKee also speaks. (Source: Bloomberg)

Are Low Oil Prices Here to Stay?
39:57 - Vitol Group Chief Executive Officer Ian Taylor says crude oil will likely hover between $40 and $60 a barrel for 10 years. The lower boundary would imply little recovery for Brent crude, the global benchmark, whereas the upper limit would put prices back to the level of July 2015, when the oil industry was already taking measures to weather the crisis. The forecast would mean oil-rich countries and the energy industry would face the longest stretch of low prices since the 1986-1999 period, when crude mostly traded between $10 and $20 a barrel.
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