Paul Tudor Jones Sees Choppier Markets as Fed Shifts Focus
- Central Bank is targeting balance sheet, expanding U.S. debt
- Fed's focus on debt hasn't happened since Volcker was chairman
Fed Managing Balance Sheet for Tail Risks: Jones
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Paul Tudor Jones, the founder of Tudor Investment Corp., said he expects markets to be choppier as the Federal Reserve for the first time in decades focuses on managing debt, rather than steering local economic developments.
While the Fed in the past would have reacted to signs of a slowdown by easing, the central bank is realizing that there’s a “tail risk” tied to having interest rates near zero, Jones said in a television interview Monday on "Bloomberg <GO>" with David Westin and Stephanie Ruhle.