Fed's Asset Purchases are a Charade

Sept. 14 (Bloomberg) -- Stephen Roach, a professor at Yale University and former non-executive chairman for Morgan Stanley in Asia, talks about the decision by Federal Reserve policy makers to proceed with a third round of large-scale asset purchases, inflation in the U.S. and the Chinese economy. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." Gordon Chang, author of "The Coming Collapse of China," also speaks.