Blinder Says Fed Can’t Predict Asset-Price Bubbles

Feb. 26 (Bloomberg) -- Former Federal Reserve Vice Chairman Alan Blinder and Phillip Swagel, a professor at the University of Maryland School of Public Policy, talk about Fed monetary policy and economic risks. Blinder said the central bank cannot accurately predict asset-price bubbles, and that no risk-free strategy exists as policy makers try to boost employment and the economy. He spoke before Fed Chairman Ben S. Bernanke told a Senate committee in Washington the Fed was evaluating the benefit of its policy in creating jobs against possible risks such as spurring asset bubbles. Blinder and Swagel speak with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." (Source: Bloomberg)

Inside Tom Colicchio's Fowler & Wells Restaurant
08:19 - Acclaimed cook and Top Chef judge Tom Colicchio is opening Fowler & Wells, his first New York City restaurant to open in six years. The restaurant is located within the Beekman Hotel in Manhattan's financial district. Colicchio is joining a list of celebrity chefs who are moving into the up and coming neighborhood. Will Coliccho's new project live up to his previous successes? Bloomberg's Kelly Belknap reports. (Source: Bloomberg)
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