Phelps Discusses U.S. Economy, Labor Market Outlook- Video

Nov. 6 (Bloomberg) -- Edmund Phelps, professor of economics at Columbia University and winner of the 2006 Nobel Prize in economics, talks with Bloomberg's Erik Schatzker and Deirdre Bolton about the outlook for the U.S. economy. Phelps says an economic "upturn is coming pretty quick" but that the recovery will "run out of gas" with unemployment at 6 percent to 7.5 percent. (This is an excerpt of the full interview. Source: Bloomberg)

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