NBER - US 'recession' may already have peaked

ARTICLE - In a letter to the editor of the Financial Times in London, Martin Feldstein, President of the National Bureau of Economic Research in the US says that even if a recession occurs it will be a long time before it becomes official.

Sir, I think your stories "US economy may already be in recession" and "Fed contemplates failure on recession" (June 25) were accurate but did not adequately convey the impression that there is still a great deal of uncertainty about whether this will in fact

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