News
How Mortgage Lock-In Is Quietly Pushing Up House Prices
1+ hour, 30+ min ago (487+ words) 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. Knowledge at Wharton Staff When the Federal Reserve raised interest rates between…...
Automation Doesn't Just Cut Jobs. It Slows Career Progression
6+ day, 23+ hour ago (877+ words) Automation is often seen as destroying jobs, but new Wharton research shows it also can quietly block workers from moving into better-paid roles. Industrial robots do not just shape pay today. Research from Pinar Yildirim, a Wharton professor of economics…...
Why Social Security Is Essential to Measuring Wealth Inequality
3+ mon, 6+ day ago (278+ words) Wharton's Sylvain Catherine explains how not accounting for Social Security can lead to inaccurate measurements of wealth inequality. Knowledge at Wharton Staff What motivated you to investigate U. S. wealth inequality through the lens of Social Security? Catherine: Social Security is very…...
How Labor Market Power Shapes the Impact of Monetary Policy
3+ mon, 6+ day ago (831+ words) Firms with greater labor market power are less responsive to monetary policy in their hiring and wage decisions, new Wharton research shows. The Federal Reserve routinely uses monetary policy tools such as interest rates as a signal to stimulate employment…...
The Economic Reality Behind Billionaires' Taxes and State Budgets
4+ mon, 1+ week ago (81+ words) The Economic Reality Behind Billionaires" Taxes and State Budgets'Knowledge at Wharton Faculty director of the Penn Wharton Budget Model examines whether taxing extreme wealth can meaningfully reduce deficits and fund public spending. Kent Smetters, faculty director of the Penn Wharton…...
Why Interest Rates Can't Fix Deeper Economic Problems
4+ mon, 2+ week ago (92+ words) Former Federal Reserve president explains why monetary policy alone cannot solve structural economic challenges facing the United States. Read'More Listen to the podcast. Patrick T. Harker, former president of the Federal Reserve Bank of Philadelphia and current Wharton professor of operations,…...
What the Fed's Pause Signals for Economy and Markets
4+ mon, 2+ week ago (81+ words) Knowledge at Wharton Jeremy Siegel discusses the Fed's rate pause, economic growth trends, market breadth, and the evolving impact of artificial intelligence. Jeremy Siegel, Wharton emeritus professor of finance and senior economist at Wisdom Tree, analyzes the Federal Reserve's decision…...
When Monetary Policy Is Asked to Do Too Much
4+ mon, 2+ week ago (471+ words) In the wake of the turmoil surrounding the U. S. Federal Reserve, Wharton's Patrick T. Harker, former president and CEO of the Federal Reserve Bank of Philadelphia, explains why monetary policy cannot substitute for sustainable fiscal policy. Vantage Point is a new, monthly…...
What's Ahead for the U. S. Economy?
5+ mon, 3+ week ago (390+ words) Wharton's Jeremy Siegel discusses inflation trends, labor market signals, Federal Reserve policy, and risks facing markets in 2026. Jeremy Siegel, Wharton emeritus professor of finance and senior economist at Wisdom Tree, shares his perspective on the state of the U. S. economy, analyzing…...
The Fed Chair Transition and the Future of Central Bank Independence
5+ mon, 1+ week ago (83+ words) Knowledge at Wharton Wharton associate professor of legal studies and business ethics examines the upcoming Federal Reserve chair transition and the growing debate over central bank independence amid political pressure. Wharton associate professor of legal studies and business ethics Peter…...