11/15
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In the News
Silk Road creator Ross Ulbricht is waiting for Trump to keep his word—and set him free
Leeza Garber of the Wharton School says that legal questions can’t be neatly isolated from ethical and political ones.
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Trump has promised lower interest rates. That will be largely out of his control
Kent Smetters of the Wharton School says that the Federal Reserve doesn’t have as much control over mortgage rates and longer-term loans as it used to.
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Why planning for retirement is hard, and what to do about it
Research by Olivia Mitchell of the Wharton School and colleagues finds that low-income workers aren’t incentivized to learn about supplements to retirement income like IRAs and 401(k)s, since they tend to rely on and benefit more from fixed-income retirement sources like Social Security payments.
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Fed’s Powell says Trump can’t fire him
Christina Parajon Skinner of the Wharton School says that a presidential removal of the vice chair of the Federal Reserve wouldn’t necessarily be an affront to central bank independence.
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What a reelected Trump can and can’t do to sway the Fed
Peter Conti-Brown of the Wharton School says that whether a president can remove the Federal Reserve chair is ambiguous because the law doesn’t explicitly provide “for cause” protection for the role.
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JPMorgan opts out of political disclosure designation
The Zicklin Center for Governance and Business Ethics at the Wharton School has developed a new “model code” framework for companies to voluntarily disclose more about their political spending.
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