Photo of Michael Goldberg
Michael Goldberg

Weatherhead’s Michael Goldberg talks about recent Federal Reserve rate hike

Fed raises interest rates again; share prices of regional banks tumble
WEWSMichael Goldberg, associate professor of design and innovation at Weatherhead School of Management and executive director of the Veale Institute for Entrepreneurship, noted that the latest Federal Reserve rate hike—coming on the heels of continued inflation—sent downward share prices of many regional banks, including PNC Bank, Huntington Bank and Cleveland-based KeyBank.