Faculty Publications

Title

UPDATE: You can expect lower volatility in stock and bond prices as the Fed raises interest rates

Document Type

Article

Publication Date

1-11-2016

Abstract

It sounds counter-intuitive, but it's true according to research. Former Federal Reserve Chairman William McChesney Martin famously once said that the Fed "is in the position of the chaperone who ordered the punch bowl removed just when the party was really warming up."