Kathy Jones is managing director and chief fixed income strategist for the Schwab Center for Financial Research, and she has spent many years on Wall Street, covering bond markets and foreign exchange. Kathy joins Macro Musings to talk about the present outlook for the economy, the state of markets, and Fed policy. Specifically, David and Kathy discuss the story behind the recent economic slowdown, why equity markets are behind the recessionary curve, Kathy's sense on QT moving forward, and more.

Transcript for the episode can be found here.

Kathy's Twitter: @KathyJones

Kathy's Charles Schwab profile

David's Twitter: @DavidBeckworth

Follow us on Twitter: @Macro_Musings

Click here for the latest Macro Musings episodes sent straight to your inbox!