In May of this year, the yield on three-month U.S. Treasury securities fell below that of the Treasury’s ten-year note; This yield has remained lower than the ten-year note, with the exception of a few days. In early September, it seemed as if the yield on two-year Treasury securities was also dipping below the long-term rate. Many analysts have taken …Read More »
Charles Steindel, CBETM (Certified Business Economist) is Scholar in Residence at the Anisfield School of Business, Ramapo College of New Jersey, and Editor of Business Economics- the journal of the National Association for Business Economics. From November 2010 through August 2014, he was Chief Economist at the New Jersey Department of the Treasury. He came to the Treasury after a long career at the Federal Reserve Bank of New York, where he served as Senior Vice President. He has also worked at the First National Bank of Chicago and the Federal Reserve Board. At the New York Fed, he played a leading role in producing U.S. economic forecasts and in monetary policy advice. He has served as president of a number of New York area professional groups and on the Board of Directors of the National Association for Business Economics. In 2011, he received the William F. Butler Award from the New York Association for Business Economics, and in 2015 was named a Fellow of the National Association for Business Economics. In addition, he is a member of the panel for the Survey of Professional Forecasters, and the Committee on Research in Income and Wealth, and has published many articles in fields ranging from consumer spending and economic measurement to regional economics. He received his bachelor’s degree from Emory University and his Ph.D. from the Massachusetts Institute of Technology.