Professor Thomas Cooley demonstrates how increased interest rates might impact small businesses
— December 16, 2015
Excerpt from Inc. -- "And small businesses could feel the pain more acutely if interest rates go up too rapidly, says Thomas Cooley, professor of economics and former dean of the New York University Stern School of Business. 'A lot of new jobs are generated by small and mid-sized businesses, and if the interest rate increases dramatically, it could slow investment to this sector,' Cooley says, adding that the increase in interest rates is also likely to further strengthen the dollar. That in turn could hurt exports."