Jan. 28 (Bloomberg) -- Steve Gallagher, chief economist at Societe Generale, talks with Bloomberg's Brian Sullivan in New York about the outlook for the Federal Open Market Committee's interest-rate decision today, the Fed's language with respect to the economy and the long-term outlook for U.S. interest rates.

01:18 Outlook for Fed meeting, policy and language
01:26 Outlook for fed funds rate by end of 2004; housing market
00:47 Fed's communication, need for recovery in employment

Running time 3:31.

Last Updated: January 28, 2004 07:19 EST