#  Professor Kim Schoenholtz discusses the Federal Reserve's search for "the natural rate" and advises against any sudden interest rate changes

1 Faculty News July 22, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2016-07-22/the-search-for-the-elusive-natural-interest-rate) -- "What should monetary policymakers do if they don’t know the natural rate and therefore can’t be sure if rates are too high or too low? Avoid sudden moves, advises [Kim Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz), director of the Center for Global Economy and Business at New York University’s Stern School of Business. 'When you’re driving on a cliff road on a foggy night, you go slow, and that’s what they’ve been doing,' he says."

[Read more](http://www.bloomberg.com/news/articles/2016-07-22/the-search-for-the-elusive-natural-interest-rate)