COLLEGE PARK, Md. (Aug. 25, 2015) — As part of an ongoing commitment to transform learning, the University of Maryland’s Robert H. Smith School of Business has appointed one of its most accomplished educators to fill a new position focused on the student experience. Professor Joyce E.A. Russell, who served as vice dean prior to the appointment, has assumed responsibilities as Senior Associate Dean of Learning.
What is the likelihood that the Fed will raise interest rates in September? William Longbrake, Smith School Executive in Residence and senior policy advisor at the school’s Center for Financial Policy, shares insights and assesses the risks of the various policy options. "The odds (of a rate hike) have fallen further in recent days as turmoil has engulfed global financial markets," he says.
What are the risks of not raising U.S. interest rates? Kristen Fanarakis, assistant director of the Center for Financial Policy at the Smith School, shares insights. "Extended periods of low interest rates can create distortions in financial markets and excessive risk taking," she says. "I think that is the Fed's biggest concern, along with the worry that with rates already near zero they aren't well equipped to
Even before the stock market correction that began on Friday, Smith School professor Albert “Pete” Kyle argued against interest rate hikes in the United States. "Today's plunging stock markets make it even less likely that the Fed will raise interest rates," he said Monday. "The Fed's justification for probably not raising rates will likely be to promote stable economic growth in a benign inflationary environment, not
About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.