June 22 | CNBC

The FOMC, Monetary Policy, and the Interest Rate Outlook | On CNBC's The Call, Sam Chandan discusses the most recent monetary policy statement by the Federal Open Market Committee (FOMC), the prospects for a new round of quantitative easing, and the outlook for short- and long-term interest rates. Among the significant adjustments in the Fed's language, Dr Chandan cites Chairman Ben Bernanke's statement that "... some of these headwinds may be stronger or more persistent than we thought," in describing the recalcitrance of the recovery's middling pace and the downward adjustment in the Fed's economic projections.

Watch the interview (8 minutes, 45 seconds) at CNBC.