Ep. 179: Mustafa Chowdhury on Fed Policy, US Industrial Policy and Housing Risks

Mustafa is a rates guru and member of the research team at Macro Hive. Before this, Mustafa was the Head of Rates, FX, and Derivatives at Voya Investments, where he helped manage $40 billion of assets. Prior to that, he was a Managing Director and Head of US Rates and MBS Strategy at Deutsche Bank. And in the 1990s, he was Co-head of Asset-Liability Management at Freddie Mac, where he was responsible for managing one of the world’s largest fixed income derivatives portfolios and trading desks. In this podcast we discuss:

Why the Fed still needs to hike rates
Should Fed inflation target change?
Does r-star matter?
The importance of US fiscal and industrial policy
Difference between US and Euro yields
Worries about US debt and deficits, QT and auctions
Why is US economy so strong?
Understanding US housing
Upsides risks to inflation
Investors are overestimating upside risks to JGB yields
Thoughts on China
Favourite trades
Book recommendation by Mustafa: Bengali Harlem and the Lost Histories of South Asian America (Bald)

You can follow Mustafa here.

Read the full transcript here.

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