Pimco's Schneider Sees No Big Change in Fed Policy Ahead

The video discusses the potential impact of tax reform and market expectations on monetary policy, emphasizing the continuity of policy normalization under Jerome Powell. It highlights the likelihood of interest rate increases and the economic outlook, suggesting investors prepare for higher rates and a flattening yield curve. The discussion also touches on political dynamics and their influence on market reactions, with a focus on upcoming elections and potential shifts in power.

What does the speaker mean by 'preserving optionality' for investors?

What potential political changes are anticipated for the Democrats next year?