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Podcast: Market Matters from New York Life Investment Management
Episode: Have Central Bank Interventions Permanently Repriced Corporate Credit? (January 9, 2023)
Description: In the early days of the pandemic, the Fed responded to severe market dislocations by announcing new corporate bond buying programs to stabilize the market. That choice has now led investors to question whether the Fed’s support of the market could be implied in future crises. Steven Friedman and Michael Depalma of MacKay Shields have recently published groundbreaking research on this question. Lauren Goodwin hosts Mr. Friedman on the show to share their conclusions.Â