McCarthy Says Treasury Purchases by Fed to End by June
March 1 (Bloomberg) -- Ward McCarthy, chief financial economist at Jefferies & Co., talks about Federal Reserve Chairman Ben S. Bernanke's testimony before the Senate Banking Committee today and the outlook for the U.S. economy and Fed policy. Bernanke said the surge in oil and other commodity prices probably won't cause a permanent increase in broader inflation and repeated that borrowing costs are likely to stay low. McCarthy speaks with Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg)
