# In a live interview, Professor Nicholas Economides discusses effects stemming from the Fed's decision to hold interest rates steady

1 Faculty News January 29, 2020 ![Yahoo Finance logo](/sites/default/files/styles/246w/public/assets/images/yahoofinance.jpg?itok=iQnyXkp_)>

Excerpt from [Yahoo! Finance](https://finance.yahoo.com/video/fed-rates-decision-means-markets-195316909.html) -- “'But in the end, even a big epidemic, it won’t really change the world GDP that much. In the worst possible case I can imagine a 2% reduction in world GDP, and even that’s kind of the worst possible scenario. So I don’t think that in this world, with the American market doing so well, I wouldn’t say that there are significant risks for the stock market in the United States.'”

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