Faculty News

Prof. Thomas Cooley on the Federal Reserve's annual banking stress tests

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Excerpt from The New York Times -- "Mr. Cooley, of N.Y.U., said rising interest rates were equally as concerning as the hypotheticals that the Fed has tested for years, which include job losses and declines in house prices. 'You tend to think about stresses to real-world economy, but you have to think about the stresses of a change in monetary policy also,' he said."

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