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

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

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.

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

Aerial view of a large industrial data center facility with a flat roof and various equipment.

Before a data center is built, Francesca Dominici and Le Xie aim to predict costs to the grid, the air, and the neighbors next door.

Most popular

Skyline view of Harvard University with trees in autumn colors and a river under a cloudy sky.

Harvard’s Class of 2029 Reflects Shifts in Racial Makeup After Affirmative Action Ends

International students continue to enroll amid political uncertainty; mandatory SATs lead to a drop in applications.

A woman with long hair stands confidently with crossed arms next to a pickup truck.

All That’s Unseen charts the Harvard graduate’s uneasy journey from Appalachia to Cambridge and back.

John Singleton Copley’s <i>A Boy with a Flying Squirrel,</i> 1765

Harvard art historian Jennifer Roberts teaches the value of immersive attention

Teaching students the value of deceleration and immersive attention

Explore More From Current Issue

Caricature of a young man in front of red doors, wearing a green striped sweater.

Harvard History

In 1954, Gregory Corso moved into Eliot House. How he stayed there is a literary legend.

A glowing bulb shape surrounded by colorful, swirling energy lines against a blue background.

Research

Harvard researchers achieve medical breakthroughs in cancer therapy and infection control.

Three hands hold smartphones displaying social media profiles with likes and hearts.

Tell us about how social media impacts your daily life.