Outgoing Harvard CFO Says ‘It's Time to be Very Cautious' Amid Rising Economic Turmoil News

Outgoing Harvard Vice President for Finance and Chief Financial Officer Thomas J. Hollister said in a Thursday interview that the University should...

March 28, 2023
12:28 PM

Outgoing Harvard Vice President for Finance and Chief Financial Officer Thomas J. Hollister said in a Thursday interview that the University should be 'very cautious' in its financial management as the school confronts an increasingly uncertain economic climate. The United States is currently facing an array of economic challenges, including record-high inflation levels, rising interest rates, recent bank failures, and stock market volatility. During the interview, Hollister said these challenges, which he called a 'quadruple whammy,' will affect Harvard's financial results in the coming years.