Fed's Asset Purchases Are `Charade,' Roach Says

Sept. 14 (Bloomberg) -- Stephen Roach, a professor at Yale University and former non-executive chairman for Morgan Stanley in Asia, talks about the decision by Federal Reserve policy makers to proceed with a third round of large-scale asset purchases, inflation in the U.S. and the Chinese economy. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." Gordon Chang, author of "The Coming Collapse of China," also speaks. (Source: Bloomberg)
U.S. GDP Shrank 0.7% in First Quarter
41:58 - The world’s largest economy hit a bigger ditch in the first quarter than initially estimated, held back by harsh winter weather, a strong dollar and delays at ports. Bloomberg's Julie Hyman and Micheal McKee report on “Market Makers.” (Source: Bloomberg)
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