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Recession or soft landing? The impact of interest rate hikes on states and cities

Susan Wachter and William Glasgall of the Penn Institute for Urban Research discuss key takeaways from their webinar on interest rate increases by the Federal Reserve.
Closeup Benjamin Franklin face on USD banknote with stock market chart graph for currency exchange and global trade forex concept.
Susan Wachter, of the Wharton School and the Penn Institute for Urban Research, co-hosts the monthly webinar with William Glasgall, a Penn IUR Fellow, featuring panel discussions about the COVID-19 pandemic’s fiscal effects on cities and states. Penn Today spoke with Wachter and Glasgall about the latest episode, which explores effects of the Federal Reserve’s interest rate hikes.
(Image: iStock / Dilok Klaisataporn)

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