Jenny Johnson on Managing a Trillion-Dollar Firm
Masters in Business
The Fed's Data Driven Response to the Fed Bailout
A huge percentage of fixed income managers have only lived through the time that the Fed bailed us out every time. I'm born before 1980, so this is all new to me. But imagine spending your whole career where, of course, we're going to get bailed out by the Fed if that happens. How do you recover from that as a professional if you've never experienced wild market volatility? It's still been hard. The easy part was getting inflation from nine to five, four and a half. Now's the real challenge.
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