Masters in Business Gary Cohn Says Fed Should Be Done Raising Rates
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Sep 29, 2023 
Gary D. Cohn, former director of the National Economic Council and current vice chairman of IBM, shares his insights on the Federal Reserve's interest rate decisions and their economic impacts. He discusses the rising unemployment rates amid a recovering job market and reflects on his journey from trading to top executive roles, emphasizing adaptability. Cohn also addresses the importance of continuous learning in investing and delves into the role of technology in monitoring employee behavior, particularly during crises like the COVID-19 pandemic.
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From Steel to COMEX
- Gary Cohn's brief stint at U.S. Steel led him to discover commodities trading.
- Visiting the Commodities Exchange in NYC sparked his interest in financial markets.
Early Trading Days
- Cohn's interest in commodities began with a gold arbitrage internship during the Hunt brothers' attempted cornering of the market.
- He traded the arbitrage, realizing the potential of floor trading.
Futures Market Niche
- Cohn found a niche in pricing long-dated futures contracts, a skill requiring deep understanding of market fundamentals and interest rate dynamics.
- This specialized trading developed his ability to analyze cash flows and manage risk.