Fed's Bernanke says watching subprime mortgage mkt - 2007-02-28
The U.S. central bank has some worries about the domestic subprime mortgage market and is following it closely, Federal Reserve Board Chairman Ben Bernanke told the U.S. House Budget Committee on Wednesday.
He also said there seems to be a weaker link between inflation risks and unemployment than in the past and that policy-makers need to gauge a good variety of factors including commodity prices in assessing inflation.
Read the full story at Reuters

U.S. Economy grows slower than expected in 4Q - 2007-02-28
The U.S. economy turned in a much weaker performance in the final quarter of 2006 than initially thought, and new-home sales dropped last month by the most in 13 years, indicating more business lethargy ahead. The latest batch of economic reports Wednesday from the Commerce Department pointed to a temporary economic listlessness rather than suggesting the economy would slip into recession, economists declared.
Read the full story at Houston Chronicle