Weatherhead’s Michael Goldberg discusses Federal Reserve and raising interest rates

Fed raises interest rates for the sixth time: how will it affect the NEO housing market?WEWSMichael Goldberg, associate professor of design and innovation at Weatherhead School of Management and executive director of the Veale Institute for Entrepreneurship, discussed the Federal Reserve’s move to raise interest rates for the sixth time this year—and how long it will last. “(It’s) on everybody’s mind, but it’s not clear,” said Goldberg. “This could be a long winter for us in many ways, but I think the hope is, is that interventions like today by the Fed to try to fight inflation, as tough as it is in terms of the impact of higher interest rates, that you will see us coming out of this in the upcoming months ahead.”