Faculty Publications


The President, the Fed, Political Gridlock and the Political Calendar

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A recent New York Times story ("The Obame Years: The Best of Times to Be a Stock Investor," by Jeff Sommer, August 19, 2016) made the case that the past few years were terrific for stock investors, as the market has nearly tripled during Obama's years in office. The author also makes the point that "Fed interest rate policy may be the single most important factor behind the stock market boom.: