Last week, the Federal Reserve raised interest rates by a quarter point citing a “strong” economy, its eighth increase since 2015. Fed Chair Jay Powell hinted at one more rate increase this year and at least three more in 2019. Host Dan Loney talks with Peter Conti-Brown, Assistant Professor of Legal Studies and Business Ethics at the Wharton School, and Sebastian Mallaby, Senior Fellow for International Economics at the Council on Foreign Relations and Author of the book The Man Who Knew: The Life and Times of Alan Greenspan, to discuss the politics around the move and what this means for the economy on Knowledge at Wharton.
This Week in Business
The Fed Raises Interest Rates
with Wharton Prof Peter Conti-Brown and Sebastian Mallaby
October 2, 2018
• 29 min listen
with Wharton Prof Peter Conti-Brown and Sebastian Mallaby
Subscribe wherever you listen to your podcasts.
Comments
New This Week
ICE Raids Have a Chilling Effect on Local Economies
New research from Wharton’s Zeke Hernandez reveals how cities targeted in last year’s Immigration and Customs Enforcement raids suffered long-term economic losses of up to $14 billion.
How Extreme Heat Affects the Economy
Professor R. Jisung Park discusses climate change and the impact of extreme heat on academic success and worker productivity.
AI and Financial Regulation
Bank of England Deputy Governor Sarah Breeden examines how regulators can promote innovation while ensuring financial stability as AI becomes increasingly autonomous and powerful.
