Marshall Auerback Discusses Fed Policy, Job Guarantees

Sept. 2 (Bloomberg) -- Marshall Auerback, a senior fellow at the Roosevelt Institute and a consulting strategist at Pacific Investment Management Co., talks about the limits of Federal Reserve policy in terms of influence on the U.S. economy and his suggestion for government-guaranteed jobs in place of unemployment benefits. Auerback talks with Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg)