Bloomberg News

Fed’s Economic Models `No Longer Work,' LeBas Says

June 20, 2012

June 20 (Bloomberg) -- Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott LLC, talks about Federal Reserve monetary policy and the outlook for the U.S. economy. The Federal Reserve will expand its program to replace short-term bonds with longer-term debt by $267 billion through the end of 2012 as policy makers lowered their outlook for growth and employment. LeBas speaks with Adam Johnson and Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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