How the Fed’s big news is playing abroad
Federal Reserve Chairman Ben Bernanke hinted at the fate of quantitative easing on Wednesday. Bernanke said the bond buying program, which has pumped billions of dollars a month in to the economy, will continue, at least for now. If the economy continues to improve, the Fed says it could slow its bond buying later this year and end it altogether in 2014.
Investors in the U.S. and around the world took note. The BBC’s Rico Hizon joins Marketplace’s Mark Garrison to discuss how markets in Asia responded. Click on the audio player above to hear more.
Audio Extra: Julian Jessop, chief global economist at Capital Economics in London, discusses how the European markets are responding to new announcements from the U.S. Federal Reserve.
Audio Extra: Diane Swonk, chief economist at Mesirow Financial, discusses whether global markets are overreacting to the latest announcement from the Federal Reserve.
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