A close look at inflation and interest rates

Scott Grannis was chief economist from 1989 to 2007 at Western Asset Management Company, a Pasadena-based fixed income fund manager for institutional investors worldwide. He was a member of Western’s Investment Strategy Committee, was responsible for developing the company’s domestic and international outlook, and provided advice and counsel on investment and asset allocation strategies to CFOs, treasurers and pension fund managers . He specialized in analyzing Federal Reserve policy and interest rate forecasts and led the firm’s research in Treasury Inflation Protected Securities (TIPS). Prior to joining Western Asset, he was a senior economist at the Claremont Economics Institute, an economic forecasting and consulting service led by John Rutledge, from 1980 to 1986. From 1986 to 1989, he was a principal at Leland O’Brien Rubinstein Associates, a financial sector. services firm specializing in sophisticated hedging strategies for institutional investors. Visit his blog: Calafia Beach Pundit (https://scottgrannis.blogspot.com/)