Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.
Is the Fed Powerless Amid Housing Downturn?
February 20, 2008
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.