Toms: Nature Of Economic Imbalances A Global Problem
Voya Investment Management Chief Investment Officer of Fixed Income Matt Toms spoke with Yahoo! Finance about the 2020 election, which recently saw Democratic presidential candidates pushing back against current economic policies during their most recent debate. Looking at the overall economy, Toms said that “the pressures [the candidates] are hitting upon in the debates are really global in nature. They’re true in the U.S. and they’re true in places like Hong Kong and Chile and the Brexit debate as well. There is a headwind and uncertainty created by income and wealth inequality that is creating political uncertainty. That uncertainty will continue and will cap some upside [to economic growth] but it does look stable to us.”