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.
Is the Fed Powerless Amid Housing Downturn?
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U.S. hiring slowed in April, missing estimates
The U.S. economy added 175,000 jobs in April, less than March and below what economists had expected. National unemployment ticked up to 3.9%.