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.

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