PAY ATTENTION TO THE FEDERAL RESERVE U.S Central Bank is the most powerful financial institution in the world Fed increasingly open about its policies What Fed Chairman and Fed policy statements say matter Fed decisions affect financial markets and economic conditions globally Follow Fed policies on their website www.federalreserve.gov Watch the related WEALTHTRACK episode.
When Paul McCulley left PIMCO at the peak of his career in 2010 it took multiple people to fill the jobs he held. For the last two and a half years he has had one very part-time job, Senior Fellow in Financial Macroeconomics & Adjunct Professor of Law at Cornell Law School.
Former PIMCO strategist, portfolio manager, and Chief Economist Paul McCulley warned about the credit bubble years before it burst. What is he watching now?