Faculty News
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Prof. Paul Wachtel on the effects of the S&P downgrade of the US credit rating
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![China Daily logo China Daily logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030721.jpg?h=cd55d432&itok=tRKQyojG)
Excerpt from China Daily -- "'The decision today doesn't constrain the Fed in any way. It was already quite obvious - given the state of the economy - that the Fed was not going to raise rates for a long time. Saying so doesn't change the situation,' said Paul Wachtel, an economics professor at New York University."
Faculty News
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![China Daily logo China Daily logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030721.jpg?h=cd55d432&itok=tRKQyojG)
Excerpt from China Daily -- "'The decision today doesn't constrain the Fed in any way. It was already quite obvious - given the state of the economy - that the Fed was not going to raise rates for a long time. Saying so doesn't change the situation,' said Paul Wachtel, an economics professor at New York University."