• More on the “R” Word; It’s Becoming a Chorus
• For Consumers, Skepticism Over Bailout Abounds
• December Unemployment Clobbers Ailing Economy
• Report Forecasts Housing Recovery — in 2008
• Feldstein: Let the Federal Government Assume 20 Percent of a Borrower’s Mortgage

Harvard profession Martin Feldstein says the Fed can’t use monetary policy to affect the current economic climate, meaning any recession will likely be a protracted event for the U.S. economy.