McCarthy Expects U.S. Jobless Rate to Hold at 8.2%

Aug. 1 (Bloomberg) -- Ward McCarthy, economist at Jefferies & Co., and William Rhodes, president and chief executive officer of William R. Rhodes Global Advisors LLC, talk about the outlook for the U.S. economy, Friday's non-farm payrolls report and Federal Reserve monetary policy. They speak with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)