Newsroom

Professor Brett House on a proposed 10% cap on credit card interest rates: “An artificial cap on credit card interest rates is likely to backfire on the White House by making credit less accessible to the cash-strapped households that most need it.”

Professor Frederic Mishkin on how a Supreme Court ruling could let a president fire the entire Federal Reserve board: “If the Supreme Court rules that you could just fire somebody for any reason you want, this is a whole new ballgame,” Mishkin, now at Columbia University, says. “You can fire not just the chair, but… the entire board of governors and replace them with your lackeys.” 

Professor Dan Wang on the real-world impact of H-1B visa restrictions:
“These policies really don't have the intended effect of balancing the labour market competitiveness of American workers,” Prof. Wang said. “There's not a trace of data that suggests that American workers would benefit from this.” His remarks underscore the disconnect between immigration rhetoric and empirical labor market outcomes, especially in the tech sector.

Professor David Erickson on the uptick in financial activity after the summer:
“Post-Labor Day is always a window that the banks and companies shoot for because it is after the summer holidays and the market is back in full force.” Erickson’s insight highlights how the post-holiday period marks a key moment in the financial calendar, with market participants resuming dealmaking and capital strategies.