Senior Macroeconomist Steven Friedman shares his post-FOMC thoughts on monetary policy and economics. He also meets with portfolio managers mid-cycle to discuss markets and investment opportunities.
“Historical data illustrates a more stable distribution of bond returns compared to equities. In our view, bonds are quite resilient and with far less risk relative to equities.”
Steven Friedman, Senior Macroeconomist, Head of the Macro and Quantitative Solutions Team
The Election Special
In our latest episode of Forward Guidance, Steven Friedman provides a brief synopsis of the November FOMC meeting, including Chair Powell’s slightly dovish press briefing, before offering some early thoughts on the economic implications of the election. There has been much attention on potentially outsized changes to fiscal, trade and immigration policy. But Steven believes some of the polices as implemented will turn out to be more constrained than advertised.