Bank of Tokyo's Rupkey on Fed Fiscal Policy

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May 1 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, discusses today’s statement by the Federal Open Market Committee on its fiscal policy and the outlook for the U.S. economy. The Fed said it will maintain its bond buying at a pace of $85 billion a month and is prepared to raise or lower the level of purchases as economic conditions evolve. (Source: Bloomberg)