{"480211":{"#nid":"480211","#data":{"type":"external_news","title":"Atlanta Financial Experts Weigh in on Fed\u0027s Decision to Raise Interest Rates","body":[{"value":"\u003Cp\u003E\u201c\u003Ca href=\u0022http:\/\/www.bizjournals.com\/atlanta\/news\/2015\/12\/16\/atlanta-financial-experts-weigh-in-on-feds.html\u0022\u003EAtlanta Financial Experts Weigh in on Fed\u0027s Decision to Raise Interest Rates\u003C\/a\u003E\u201d quoted \u003Cstrong\u003EDavid Laband\u003C\/strong\u003E, professor of economics. \u003Cstrong\u003E\u003Cem\u003EAtlanta Business Chronicle\u003C\/em\u003E\u003C\/strong\u003E, December 16.\u0026nbsp;\u003C\/p\u003E\u003Cblockquote\u003E\u003Cp\u003E\u201cIt finally happened \u2014 the Federal Reserve will raise interest rates for the first time since June 2006. And while while many of Atlanta\u0027s top financial experts were split about the Fed\u0027s September decision to not raise interest rates, so far it seems most give the Fed\u0027s Dec. 16 decision to raise the target range for the federal funds rate to 0.25 to 0.5 percent a \u0022thumbs up.\u201d\u2026 THUMBS DOWN Professor David N. Laband, chair of \u003Cstrong\u003EGeorgia Tech\u003C\/strong\u003E\u0027s School of Economics: \u0022I give a thumbs down on the FED\u0027s decision to raise the interest rate for the same reasons I gave a thumbs up on the decision last month not to raise the interest rate. There is little evidence that our extended period of \u0027easy money\u0027 has resulted in a worrisome inflationary regime. At the same time, there continues to be ample evidence that the post-2008 economic recovery has been, and remains, less-than-robust. Raising rates at this time can only compromise the pace and\/or extent of our economic recovery, such as it is. Relatedly, it will further strengthen the U.S. dollar relative to other currencies, which will hurt U.S. exporters.\u201d\u003Cbr \/\u003E\u003C\/p\u003E\u003Cp\u003E*Subscription required to read full article\u003C\/p\u003E\u003C\/blockquote\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":"","uid":"27167","created_gmt":"2015-12-18 13:07:39","changed_gmt":"2016-10-08 02:27:52","author":"Rebecca Keane","boilerplate_text":"","field_publication":"","publication":"breakthrough cases","field_article_url":"","publication_url":"http:\/\/www.bizjournals.com\/atlanta\/news\/2015\/12\/16\/atlanta-financial-experts-weigh-in-on-feds.html","dateline":{"date":"2015-12-16T00:00:00-05:00","iso_date":"2015-12-16T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"hg_media":{"130431":{"id":"130431","type":"image","title":"David Laband","body":null,"created":"1449178647","gmt_created":"2015-12-03 21:37:27","changed":"1475894757","gmt_changed":"2016-10-08 02:45:57","alt":"David Laband","file":{"fid":"194656","name":"david_laband_0.jpg","image_path":"\/sites\/default\/files\/images\/david_laband_0_0.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/images\/david_laband_0_0.jpg","mime":"image\/jpeg","size":34042,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/david_laband_0_0.jpg?itok=WjHK4KsY"}}},"media_ids":["130431"],"groups":[{"id":"1281","name":"Ivan Allen College of Liberal Arts"},{"id":"1282","name":"School of Economics"}],"categories":[],"keywords":[{"id":"33411","name":"David Laband"},{"id":"602","name":"economics"},{"id":"169070","name":"Fed"},{"id":"169071","name":"interest rates"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}