MIT's Simon Johnson Interview About Fed Policy, Economy

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April 27 (Bloomberg) -- Simon Johnson, a professor at Massachusetts Institute of Technology's Sloan School of Management, talks about today's statement by Federal Reserve policymakers that the economy is recovering at a “moderate pace” and a pickup in inflation is likely to be temporary. The Federal Open Market Committee agreed to finish $600 billion of bond purchases on schedule in June and left the central bank's benchmark interest rate in a range of zero to 0.25 percent, where it’s been since December 2008, and retain a pledge in place since March 2009 to keep it “exceptionally low” for an “extended period.” Johnson speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)

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