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

1:00 PM ET Thu, 7 June 2012

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.