March 10 (Bloomberg) -- Martin Feldstein, an economics professor at Harvard University, talks with Bloomberg's Kathleen Hays about the outlook for the U.S. unemployment rate.

Feldstein also discusses Citigroup Inc.'s financial position, regulation of the banking industry, and the state of U.S. and European economies. (Source: Bloomberg)

00:00 Citigroup's solvency; jobless rate outlook
01:42 "Dangerous strategy" to let big banks fail
02:34 Fed as only regulator of major banks
03:19 "Mistake" to split universal banks
04:44 Supervision of U.S. banks
06:13 Depression: "We'll know it when we see it."
07:30 Stimulus to give "temporary bounce" in GDP
08:32 Europe: "denial" over economy, fiscal policy

Running time 10:26

Last Updated: March 10, 2009 09:18 EDT