• There's a mystery facing the new Fed chair — and a false step could hurt the economy

    Inflation, part of the Fed's price-stability mandate, has remained below the Fed's 2% objective throughout Chair Janet Yellen's term. Yellen has called this a "mystery."
    According to Rick Reider, BlackRock's global chief investment officer of fixed income, the new Fed chair need not be too concerned about this target. 
    Inflation is being held down by secular factors including technology, which are beyond the Fed's scope.
    "To try and create 2% [inflation] is actually goi
  • Trump kicks off his 12-day tour of Asia in Japan

    President Donald Trump has landed in Japan, the first Asian country he is visiting during his 12-day tour of the region.
    He is meeting with Prime Minister Shinzo Abe, who will host the US president for a meeting with families of Japanese citizens abducted by North Korea. Trump is also meeting with American and Japanese service members.
    Longstanding US allies in the Asia Pacific like Japan will likely be looking for signs of continued American support from Trump amid the ongoing North
  • Meet the $625 billion bond king you've probably never heard of

    Josh Barrickman is the principal and head of bond indexing in the Americas for Vanguard.
    He oversees $625 billion in fixed-income assets, the most of any bond manager in the world.
    Vanguard is known for its passively managed index funds, but investing for the firm is much more active than one would think, Barrickman said.
    He said there's a role for actively managed bond funds, particularly in niche markets.
     
    NEW YORK CITY — He's the bond king you may have never heard of.
    Josh Barric
  • Al Gore and David Blood told us how it's possible to save the world while still making a lot of money

    Since leaving public office, former US Vice President Al Gore has been working on Generation Investment Management, an $18 billion asset manager that invests in what it considers sustainable companies.
    Generation has performed well. The company's public-equity vehicle returned about 17.5% after fees since September 2014, compared to the MSCI World index, which returned 6.6% over the same period.
    Gore teamed up with David Blood, former head of Goldman Sachs Asset Management.For Generation Invest
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