March 7 (Bloomberg) -- Robert McTeer, former president of the Federal Reserve Bank of Dallas, Jeffrey Frankel, a professor at Harvard University's Kennedy School of Government, and Roger Kubarych, chief U.S. economist at UniCredit Global Research, talk with Bloomberg's Kathleen Hays about the likelihood of an economic recession in the U.S. and the outlook for Federal Reserve monetary policy. (Source: Bloomberg)

00:00 McTeer: Recession is now "more likely."
01:06 Frankel: Recession "looks quite likely."
02:20 Kubarych: 75 percent odds of a recession
03:14 McTeer: timing, measurement of a recession
03:37 Kubarych, Frankel: severity of downturn
05:30 McTeer, Kubarych: outlook for Fed rate cuts
08:33 Frankel: credit markets; "limitations" on Fed

Running time 10:33

Last Updated: March 7, 2008 17:24 EST