Fed Just Doesn't Have Many Tools: Cantor Fitzgerald CEO

Thursday, 7 Jun 2012 | 1:00 PM ET

Howard Lutnick, Cantor Fitzgerald chairman & CEO, says there is "no U.S. economy," adding that neither Ben Bernanke or President Obama have effective tools to jump-start the economy. CNBC's Tyler Mathisen, Rick Santelli & Steve Liesman weigh in.