Lessons Learned While Working at The Fed, Recession Predictions, And How to Win During Challenging Markets | Jake Schurmeier

In this episode of the Millionaire Mindcast, Jake Schurmeier of Harbor Capital Advisors shares his perspective working on how Fed and Treasury work together and affects the economy, the things he learned working in Fed, recession predictions, dollar currency issue, and the key things to win the challenges markets!

Jake Schurmeier, Multi-Asset Solutions Team Portfolio Manager at Harbor Capital Advisors, a 40 million asset management company, the best portfolio team that you can find around the globe. He’s more in public policies as formerly as a Senior Trader/Analyst Treasury Markets at Federal Reserve Bank of New York and U.S. Treasury for over 6 years.

Some Questions I Ask:

Give us a little backdrop on your journey of where we find you today?

What are some of the things you’ve learned from the Fed that most people don’t know, and that help you better navigate the macro picture of the markets?

What are your thoughts on Jerome Powell, and how he’s doing in Fed?

In working for the Federal and Treasury, how do these two organizations work together in terms of monetary policy, managing inflation, and economics in macro perspective?

In your perspective, what are some of the things that are harmful that maybe could be adjusted to create a more fluent system for the current time that we’re in and we’re heading?

What are your thoughts on challenges that original banks are facing right now?

Where are we in a macro-economic cycle, and macro-economic problems that we are still working through?

What are your thoughts around a hard or soft landing, and the likelihood of another recession?

What are your overall thoughts on the debt ceiling getting raised, and is that really something that is getting solved in a more macro picture?

What are your thoughts around the narrative and the likelihood, if ever the US dollar falls off as the reserve currency of the world?

What’s the short-term defense with the risks you see out on the horizon, and short-term and long-term offense you guys see as an opportunity coming out of all of these?

What does your investment focus and discipline look like as an investor yourself?

What’s your take on real estate investments as a holistic approach to your portfolio long-term?

In This Episode, You Will Learn:

How the Fed affects financial conditions.

The good things of working in Fed.

The small changes away from the dollars.

The key things to win today's challenging markets.

Quotes:

“Stay invested, focus on your medium to long-term goals, there’s a lot of noise in finance markets.”

Connect with Jake Schurmeier on: 

https://www.harborcapital.com/author/jake-schurmeier

https://www.linkedin.com/in/jakeschurmeier/

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