# Prof. Thomas Cooley on why the Federal Reserve is keeping interest rates low

1 Faculty News March 6, 2013 ![Fox Business logo](/sites/default/files/styles/246w/public/assets/images/con_031722.jpg?itok=a0Gxu60a)>

Excerpt from [Fox Business](http://www.foxbusiness.com/personal-finance/2013/03/06/how-to-invest-in-low-interest-rate-environment/) -- "To spur lending and help the economic recovery, the Federal Reserve has been keeping the federal funds rate low. “The Fed is trying to keep expectations of inflation low by keeping rates low for the foreseeable future,” says [Cooley](http://w4.stern.nyu.edu/faculty/bio/thomas-cooley)."

[Read more](http://www.foxbusiness.com/personal-finance/2013/03/06/how-to-invest-in-low-interest-rate-environment/)