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

 

A Hawkish Hat Trick

Chair Powell’s remarks during his post-FOMC press briefing skewed somewhat hawkish and certainly displayed no urgency to begin cutting rates in September. Check out the latest episode of Forward Guidance, where Steven Friedman highlights three remarks in particular.