Frank McGuire writes at MoneyNews.com July 14:

Federal Reserve officials now fear that the U.S. economy will take at least five or six years to fully recover from the biggest economic downturn since the Great Depression.

Fed officials at their June meeting cut their forecasts for economic growth this year while taking a slightly dimmer view of the economy than they did in April.

Fed officials concluded that the "economic outlook had softened somewhat." One-half of Fed officials said they saw "risks to growth as having moved to the downside."

Read more: http://www.moneynews.com/Headline/Fed,Economy,Five,years,Recover/2010/07/14/id/364650?s=al&promo_code=A469-1