Fed to Wait Until August to Add QE, Says Economist

June 20 (Bloomberg) -- James Shugg, a senior economist at Westpac Banking Corp., discusses Federal Reserve quantitative easing and the European Central Bank's bond-purchase program. Fed Chairman Ben S. Bernanke will hold a press conference today at about 2:15 p.m. local time in Washington. Shugg speaks with Mark Barton on Bloomberg Television's "First Look." (Source: Bloomberg)