Victor Shih on BRICS Development Bank & Jim Bruce on Fed exit strategy
The BRICS leaders have signed off on the New Development Bank. We bring you a report from RT’s Paul Scott. Erin talks to Victor Shih, professor of economics at UCSD, to get his take on the emerging markets development bank, the BRICS, and the yuan as a reserve currency. Jim Bruce talks about Federal Reserve exit strategies, the effect of quantitative easing and monetary policy. In Big Deal, Edward Harrison and Erin talk about Fed Chair Janet Yellen’s comments to Congress and signals of weakness in the macroeconomy.
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