Fed Enters Unchartered Territory and Adds to QE
Chairman Ben S. Bernanke moved the Federal Reserve further into uncharted policy territory in combating joblessness by tying the bank’s interest-rate outlook to unemployment and inflation, while committing to an even faster expansion of the central bank’s balance sheet.
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Australia's Cormann: Not Expecting Trump Trade Wars
08:33 - Australian Finance Minister Mathias Cormann expresses his optimism about U.S. President-elect Donald Trump as he does not expect to see a trade war between the U.S. and China and discusses the state of the Australian economy. He speaks from the World Economic Forum in Davos, Switzerland on "Bloomberg Surveillance." (Source: Bloomberg)