Rosenberg Says Fed Can't Do Much to Avert U.S. Recession
Sep. 2, 2011
Sept. 2 (Bloomberg) -- David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc., talks about the August U.S. employment report and outlook for Federal Reserve policy.
Payrolls were unchanged last month, the weakest reading since September 2010, after an 85,000 gain in July that was less than initially estimated, Labor Department data showed. The jobless rate held at 9.1 percent. Rosenberg speaks with Betty Liu, Dominic Chu, Peter Cook and Michael McKee and on Bloomberg Television's "In the Loop." (Source: Bloomberg)