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

A group of children interacts with an adult man, some laughing and smiling.

A colleague remembers the late Harvard professor and child psychiatrist, who died this month.

A photograph of the inside of the From Iran exhibit at the Harvard Peabody Museum

Tk tk Iran

Artist Azadeh Akhlaghi reconstructs moments of Iranian political upheaval in a series of meticulously staged images.

Harvey Mansfield seated in a bright yellow chair, surrounded by bookshelves and cozy decor.

The retired government professor has been a rare conservative voice on campus for decades.

Most popular

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

In her memoir All That's Unseen, Emilee Hackney explores religion, friendship, and home.

University Hall exterior with ornate windows and greenery.

College staff whose jobs will be changed or eliminated were notified this week.

Close-up of a bronze scale symbolizing justice, with soft lighting in the background.

The organization said its amicus brief had not been reviewed internally.

Explore More From Current Issue

Graduates in caps and gowns celebrate joyfully, raising their hands in excitement.

Commencement

Conan O’Brien headlines a star-studded cast

Faculty

The retired government professor has been a rare conservative voice on campus for decades.

Black and white photo of Joseph Murray in a white lab coat sitting in an office.

Alumni Profiles

Nobel Prize recipient Joseph E. Murray dedicated much of his career to organ transplant surgery.