January 24, 2008

Interest Rate Insight

Wondering what in the world is going on with the economy lately? Let Sebastian Mallaby explain.

Mallaby is director of the Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations. In an interview with Lee Hudson Teslik ’04, a former Ledecky Undergraduate Fellow at this magazine and now the assistant editor of cfr.org, Mallaby says the Federal Reserve's latest rate cut, announced on January 22, may stem short-term panic but won't do much to help the economy in the long term. In just six minutes, Mallaby offers thoughts on what's next for Wall Street and world markets; the root causes of the present instability; and what this all means for the presidential race.

Listen to the audio file here.

You might also like

Two fans celebrate in front of a TV showing a football game.

Can Sports Fans Counter Political Polarization?

A new Harvard Kennedy School project aims to harness the power of feral fandom.

Harvard Law School exterior building to the left; to the right a lamp post with Harvard Law School banners

Harvard Law School Announces a New National Security Initiative

The program will focus on the U.S. Congress and the separation of powers in its first year.

Red brick building with large windows and greenery, set against a bright blue sky.

FAS Overhaul Brings Deep Cuts to Social Sciences, Phillips Brooks House

After a final round of layoffs, University leaders say 165 staff jobs were eliminated across the division.

Most popular

Bronze statue of a seated figure holding a book, with a campus setting in the background.

How Philosophy at Harvard Saved Itself

As humanities shrink across higher education, one department is flourishing. Is its success a fluke, or a roadmap?

Martin Nowak in a suit attentively listens during a conference, seated among an audience.

Martin Nowak Placed on Leave a Second Time

Further links to Jeffrey Epstein surface in newly released files.

White House and Harvard University buildings split diagonally with contrasting colors.

Harvard Weathers a Year of Turmoil

The federal government has launched unprecedented actions against the University. Here’s a guide.

Explore More From Current Issue

A smiling man in a brown plaid suit stands outdoors with greenery in the background.

University News

The professor and former Harvard College dean is the next president of Harvard Magazine’s Board of Directors

A woman jogs on a path beside a boy riding a bicycle, surrounded by trees.

Health & Medicine

Why Harvard Medical School is training physicians to think more like coaches

Black and white portrait of a woman with medium-length hair, smiling softly.

Alumni

The outgoing executive director and Harvard Business School graduate went from dancing The Nutcracker to growing a ballet company.