March 9 (Bloomberg) -- Christopher Carroll, former economist at the Federal Reserve and White House Council of Economic Advisors under President Bill Clinton, talks with Bloomberg's Bernard Lo about Federal Reserve monetary policy.

Fed Chairman Ben S. Bernanke, speaking from Dillon, South Carolina on March 7, said the central bank will "forcefully" use every resource to restore financial-market stability and revive U.S. economic growth. Carroll also discusses the prospects for U.S. government nationalization of its banks. (Source: Bloomberg)

Running time 03:28

-0- Mar/08/2009 23:55 GMT

Last Updated: March 8, 2009 19:55 EDT