September 18, 2015
SMU’s W. Michael Cox said the Fed made the wrong decision Sept. 17 in not raising interest rates. “I think this whole policy of low interest rates for seven or eight years is exactly what has gotten us in this economic stupor . . .” Cox told Fox Business News. Cox is executive-in-residence at the O'Neil Center for Global Markets and Freedom at SMU's Cox School of Business and former chief economist at the Federal Reserve Bank of Dallas.