# Professor Kim Schoenholtz on the Federal Reserve's plan to increase interest rates

1 Faculty News June 18, 2015 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2015/06/18/business/economy/federal-reserve-interest-rates-yellen.html) -- "'The real question is not when they start but how fast and how high they go,' said [Kim Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz), an economist at New York University. 'And what we’ve seen is they keep scaling back the equilibrium rate they intend to reach and the pace they intend to get there.'"

[Read more](http://www.nytimes.com/2015/06/18/business/economy/federal-reserve-interest-rates-yellen.html)