# Prof. Joseph Foudy on Federal interest rate increases

1 Faculty News December 29, 2014 ![CCTV logo](/sites/default/files/styles/246w/public/assets/images/con_042799.jpg?itok=_MQ3VVcM)>

Excerpt from [CCTV](http://www.cctv-america.com/2014/12/29/federal-reserve-reassures-gradual-interest-rates-increases) -- "'As long as we we continue to see solid labor market data, it’s pretty likely that you’re going to see a Fed increase, \[in the\] third or fourth quarter of 2015,' professor [Joseph Foudy](http://www.stern.nyu.edu/faculty/bio/joseph-foudy) of New York University’s Stern School of Business said. 'It would take some pretty significant negative surprises to push that off. Similarly speaking, we’d have to see sudden strong increases in inflation, particularly wage inflation, before you got any talk of moving it earlier.'"

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