Faculty News
Professor Lawrence White shares his outlook on the Federal Reserve's interest rate increases
—
Excerpt from the Associated Press -- "Lawrence White, an economics professor at New York University’s Stern School, said he expects the Fed to remain mindful of the mistakes of the 1970s, when officials allowed inflation to erupt, requiring sharply higher interest rates and a painful recession to root out. 'We have not had such low unemployment in almost 50 years,' White said. 'The Fed has to be cautious.'"
Read more
Read more