After seeing Bernanke’s latest speech,well known and respected Martin Feldstein does not find anything that the FED can do over the short term. At this point, Mr. Feldstein does not believe that there is much more that the FED will do and now puts a chance of a recession at 50/50.
(Hat Tip: Jon Markman)
Aug. 26 (Bloomberg) — Martin Feldstein, an economics professor at Harvard University, talks about the outlook for the U.S. economy. He speaks with Michael McKee on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)