Richard Warr on the Federal Reserve Decision to Raise Interest Rates
Richard Warr, professor of finance, explains that while the Federal Reserve’s decision to raise interest rates is not likely to cause a recession, an economic slow down or “shallow recession” is possible.
“That will have an impact on the local economy but whether that is a big impact. … We’ve got other things that are driving the economy,” said Warr. “For some other areas of the country, they may see a more dramatic impact.”
Read the full article in the Triangle Business Journal.