In a wide-ranging discussion during Commonwealth Financial Network’s annual conference on Nov. 4, the independent broker-dealer’s chief investment officer, Brad McMillan, addressed the major issues on every advisor’s minds, but added his own twist to the received wisdom on the Federal Reserve and the presidential election.
When asked in an interview whether the Fed will raise rates at its Dec. 15-16 FOMC meeting, McMillan answered that “it isn’t a question of raising rates, it’s a question of normalizing rates.”
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James J. Green
Jamie Green is editor of Jamie Green Reports, an advisor-focused writing, editing and shepherding service. He can be reached at [email protected]. Jamie is former Group Editorial Director of the Investment Advisory Group at ALM Media, where he had overall editorial responsibility for ThinkAdvisor.com and Investment Advisor and Research on Wealth magazines, monthly print magazines that have served advisors of all kinds for more than 30 years. In more than 30 years of experience in print and electronic journalism, Jamie has been covering the investment advisory industry since 1999. In the 1990s he worked for nine years at The New York Times, where he was editor of TimesFax, an electronic version of the newspaper of record now known as TimesDigest. In the 1980s he was editor of Tele/Scope, a pioneering electronic news service based in New York, and was editor of Telecommunications Research, a monthly journal. He holds a bachelor's degree in philosophy from St. Hyacinth College in Granby, Massachusetts, and studied theology on the graduate level at St. Anthony-on-the-Hudson, Rensselaer, New York.
