After much speculation, the Federal Reserve on Thursday announced that it would hold the line on U.S. interest rates, which have not increased in nearly a decade. Professor William Dickens, chair of the Department of Economics, discusses the Fed’s decision and what it all means.
What’s the U.S. economic outlook for this year? We asked John Kwoka, the Neal F. Finnegan Distinguished Professor of Economics at Northeastern. One domestic factor he has his eye on—indications that new bubbles are forming in the housing and stock markets.
In a new paper published by the Federal Reserve Bank of Boston, a doctoral student in economics offers a fresh take on why long-term unemployment remains stagnant.