A decline in U.S. homebuilding permits last month may indicate a renewed housing slump as demand weakens after the expiration of tax credits, Harvard University economics professor Martin Feldstein said.
U.S. economic growth may not top 2 percent this year and a third round of quantitative easing by the Federal Reserve would have little effect, said Martin Feldstein, a professor of economics at Harvard University.
Harvard University economics professor Martin Feldstein said the U.S. economy may fall into a recession next year even if Congress and President Barack Obama avert the full brunt of the so-called fiscal cliff.
The yuan’s slow advance against the dollar following its re-evaluation is meant to give China’s businesses time to adjust to the new monetary policy, according to Martin Feldstein , a Harvard University economics professor.
The U.S. must overhaul tax breaks and entitlement programs to help reduce the federal budget deficit while safeguarding the economic recovery, according to Harvard University Professor Martin Feldstein.
Harvard University economics professor Martin Feldstein said the U.S. economy has cooled at the start of this year as consumers cut back on spending amid higher gas prices and a decline in housing wealth.