Updated

Mitt Romney will formally announce his candidacy for the Republican nomination Thursday in Stratham, New Hampshire. But ahead of that trip, Romney is in the all-important state of Iowa.

It's his first trip to the caucus state since announcing his exploratory committee, and he's touting his expertise on the economy, while at the same time continuing to downplay Romneycare.

Fox News' Carl Cameron caught up with Romney in Des Moines Friday. In the video below, Romney dishes on the other Republican hopefuls and talks policies with Carl.