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Tepper In The News

For copies of articles in their entirety, please contact Barbara Feldman at 412-268-9885.

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NPR, 6/26/2009
Meltzer expresses doubts that Fed will curb inflation
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, does not think the Federal Reserve will be able to remove the massive stimulus from the economy before inflation erupts. Meltzer says the only time that has happened was under Fed Chairman Paul Volcker, who had political support for his strategies in the early 1980s. URL for this article: http://www.npr.org/templates/story/story.php?storyId=105871259

Bloomberg, 6/24/2009
Fed enduring ‘difficult period,’ says Goodfriend
The Federal Reserve is enduring “a very difficult period,” according to Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend notes that the central bank is exposed because it hasn’t committed itself to a low-inflation objective, but may need the flexibility to expand its balance sheet further if the economy underperforms. URL for this article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aVkQkByhQ.jo

Time, 6/24/2009
Goodfriend outlines debate within Federal Reserve
There is no need yet for the Federal Reserve to commit to its next step, and there is clearly a debate going on within the central bank, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend believes the Fed is buying time before it commits to which risk is greater: inflation or disinflation. URL for this article: http://www.time.com/time/business/article/0,8599,1906961,00.html

Quality Digest, 6/23/2009
Defining green design goals
When discussing green design, it’s important to define what “green” actually means and understand why it is the goal of a social movement. According to an initiative co-authored by Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center, the goal is to create a platform for sustainable development and safeguard natural resources and the environment. URL for this article: http://www.qualitydigest.com/inside/six-sigma-article/dfss-green-design.html

Bloomberg, 6/23/2009
Meltzer: Government needs to forget about ‘too big to fail’
The U.S. government needs to rid itself of the notion that some banks and corporations are too big to fail, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. That mindset perpetuates a system in which bankers make profits and the public takes losses, he says. URL for this article: http://www.bloomberg.com/apps/news?pid=20601110&sid=a05rHorIdIzg

Bloomberg, 6/22/2009
Goodfriend: Fed could cap inflation through combination of moves
By raising interest rates on reserves and increasing the federal funds rate on overnight loans between banks, the Federal Reserve would cause borrowing costs to rise, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. That combination of moves would cap inflation, Goodfriend says. URL for this article: http://www.bloomberg.com/apps/news?pid=20601109&sid=a3icASndPQHE

Fortune, 6/19/2009
Meltzer predicts Fed will bow to political pressure, keep rates low
If the Federal Reserve keeps rates artificially low, disaster could strike, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer predicts that political pressure will keep the Fed from raising rates or scaling back on money-supply growth, repeating a scenario from the 1970s. URL for this article: http://finance.yahoo.com/news/Why-higher-interest-rates-are-hftn-2801021864.html?x=0&.v=1

Pittsburgh Business Times, 6/19/2009
Tepper School sees jump in job offers for graduates
Administrators at the Tepper School have seen what John Mather describes as a “huge jump” in job offers for students in the weeks immediately preceding graduation. Mather, executive director of the masters programs and teaching professor of marketing, attributes many of those offers to mid-sized companies that had a harder time competing in the past. This article is available by subscription only.

Pittsburgh Business Times, 6/19/2009
Mather: B-school students can gain international experience through co-ops
Business schools need to offer more international hands-on experience, according to John Mather, executive director, masters programs; teaching professor of marketing. Mather says this experience could be offered through co-ops and more in-school consulting work. This article is available by subscription only.

The Economist (U.K.), 6/19/2009
Meltzer: Avoid short-term judgments when it comes to forecasting
If government policymakers were able to time their actions appropriately, the economy wouldn’t be struggling, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says their forecasts are no better than others, and short-term judgments are best avoided because they are often misleading. URL for this article: http://www.economist.com/blogs/freeexchange/2009/06/romer_roundtable_think_plan_an.cfm

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