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JPMorgan market strategist to join New York Fed

Section: Daily Dispatches

He'll surely do his best to assure that the New York Fed operates in the public interest.

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JPMorgan's Josh Younger Is Heading to the New York Fed

By Tracy Alloway and Jonnelle Marte
Bloomberg News
Friday, December 2, 2022

Josh Younger, head of asset liability management research and strategy at JPMorgan Chase & Co., is leaving the bank to join the New York Fed.

The move caps more than a decade of Younger’s work at JPMorgan, which he joined in 2010 as a bond strategist after training to be an astrophysicist. At the bank, Younger developed a reputation for writing vivid research on everything from the structure of the US Treasury market to money market funds and interest rate derivatives. 

... Dispatch continues below ...


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He was one of the first to sound the alarm on operational and liquidity risk in US Treasuries during Covid -- a warning which proved prescient when the market went haywire in March 2020 and eventually forced the Federal Reserve to intervene. 

Younger joins the New York Fed just as the central bank is working to offload some of the bond holdings it amassed during the pandemic as it fights the highest inflation in a generation.

Younger will be a senior policy advisor in the New York Fed's Markets Group, according to two people familiar with the move. That's the division responsible for managing the U.S. central bank's $8.6 trillion balance sheet and for supporting money markets through repo operations and other programs. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2022-12-02/jpmorgan-s-josh-younger-is-heading-to-the-new-york-fed

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