# Professor Philipp Schnabl is interviewed about interest rates and economic growth

1 Faculty News June 6, 2017 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2017-06-06/are-low-interest-rates-bad-for-growth) -- "[Philipp Schnabl](http://www.stern.nyu.edu/faculty/bio/philipp-schnabl), an economist at New York University, agrees with Brunnermeier that Europe and Japan are the places where ultra-low interest rates may be problematic. 'To emphasize, this is an unusual period we’re coming out of,' he says. 'There’s a lot of uncertainty in anything we say about monetary policy.'"

[Read more](https://www.bloomberg.com/news/articles/2017-06-06/are-low-interest-rates-bad-for-growth)