# Professor Kim Schoenholtz reacts to speculation that the Federal Reserve will raise interest rates in December

1 Faculty News November 3, 2015 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2015-11-03/fed-s-big-three-expected-to-reinforce-december-as-liftoff-option) -- "Expectations for a December rise based on fed funds pricing have snapped back to 50 percent. That may be exactly where the Fed’s leadership wants to keep it when they speak Wednesday, said [Kermit Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz), director of the Center for Global Economy and Business at the NYU Stern School of Business, because they still want to see incoming data before making a final decision. 'December is still on the table, but it’s premature for them to close the door one way or the other,' he said."

[Read more](http://www.bloomberg.com/news/articles/2015-11-03/fed-s-big-three-expected-to-reinforce-december-as-liftoff-option)