The Federal Reserve affirmed that they won't be withdrawing monetary support until they see a sustained rise in inflation and a sharp drop in unemployment. But Jacob Doo, CIO of Envysion Wealth Management, thinks that sooner or later, stimulus should stop. He spoke to us on Prime Time about the Fed's recent decision, the recent steepening of the yield curve and contrasted the Fed's generous stimulus with the PBOC's plan to normalize policy in China. He also touched on the growing popularity of SPACs, and if he agrees with Bridgewater's Ray Dalio, who said that the economics of bond investing are stupid.

<p>The Federal Reserve affirmed that they won't be withdrawing monetary support until they see a sustained rise in inflation and a sharp drop in unemployment. But Jacob Doo, CIO of Envysion Wealth Management, thinks that sooner or later, stimulus should stop. He spoke to us on Prime Time about the Fed's recent decision, the recent steepening of the yield curve and contrasted the Fed's generous stimulus with the PBOC's plan to normalize policy in China. He also touched on the growing popularity of SPACs, and if he agrees with Bridgewater's Ray Dalio, who said that the economics of bond investing are stupid.</p>

Advertisement