The Fed is the Only Game in Town

This week, Nick Maroutsos, head of global bonds at Janus Henderson, offered his outlook ahead of the Federal Reserve's rate decision. Nick told us why he thinks the Fed is "the only game in town" as investors are looking past grim economic data and driving up the market knowing the Fed if there to backstop it. Win Thin, global head of currency strategy at Brown Brothers Harriman, joined to talk about why he thinks "all the stars are aligned against the dollar right now." Mehrsa Baradaran, Associate Dean for Diversity, Equity and Inclusion at the University of California Irvine Law School and the author of "The Color of Money" came on to talk about Joe Biden joining calls for the Federal Reserve to expand their dual mandate to factor in racial economic equity and how much impact the central bank can have on income inequality. Then Dina Srinivasan, a fellow at Yale's Thurman Arnold Project, who has authored the papers “The Antitrust Case Against Facebook” and "Why Google Dominates Advertising Markets" joined after the tech hearings on Capitol Hill to talk about whether the four CEOs really walked away from Congress relatively unscathed like the market reaction implied. See omnystudio.com/listener for privacy information.