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The Fed did exactly what Wall Street was expecting—so why are markets so vexed by Kevin Warsh?

The Fed did exactly what Wall Street was expecting—so why are markets so vexed by Kevin Warsh?

"Markets don't capitulate easily, so while it remains to be seen what is it gonna take for Warsh to change his tune, I think he will at some point have to establish credibility either with words or probably with actions," says Nikolai Roussanov of the Wharton School.

Hard work isn’t enough to achieve the American Dream anymore, says Wharton professor. Welcome to the ‘Great Postponement’

Hard work isn’t enough to achieve the American Dream anymore, says Wharton professor. Welcome to the ‘Great Postponement’

"For many young adults, buying a first home is no longer the first step toward financial security but the reward after years of saving, career advancement, and often family assistance," writes Susan Wachter of the Wharton School.

How mortgage lock-in is quietly pushing up house prices
A person putting a Home for Sale sign in front of a home.

Image: Anchiy via Getty Images

How mortgage lock-in is quietly pushing up house prices

A new paper co-authored by Wharton’s Lu Liu argues that homeowners stuck with low fixed mortgage rates aren’t just frozen in place—they’re propping up the housing market.

From Knowledge at Wharton

2 min. read

Does your insurance protect you from climate risk?
A Colorado wild fire burns behind homes.

Image: milehightraveler via Getty Images

Does your insurance protect you from climate risk?

Research from Wharton’s Parinitha Sastry reveals how climate risk is being mispriced in mortgages and property insurance, leaving homeowners to pay the price.

From Knowledge at Wharton

2 min. read