Broaddus, Swonk, Richards Excerpt on Fed Policy

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Nov. 3 (Bloomberg) -- Al Broaddus, former president of the Federal Reserve Bank of Richmond, Diane Swonk, chief economist at Mesirow Financial Inc., and John Richards, head of strategy for the Americas at RBS Securities Inc., talk about the Federal Reserve's plan to buy an additional $600 billion of Treasuries through June in a bid to reduce unemployment and avert deflation. The central bank kept its pledge to keep interest rates low for an “extended period.” They talk with Mark Crumpton on Bloomberg Television’s “Bottom Line.” (This report is an excerpt from the full interview. Source: Bloomberg)

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