US. CalSTRS CIO Scott Chan: Trump administration policies raise risk of recession, stagflation

CalSTRS CIO Scott Chan said the probability of a future recession accompanied by stagflation has increased due to the “unprecedented and world-changing” risks associated with the Trump administration’s policies. In a livestream of the March 12 investment committee meeting of the $349.7 billion California State Teachers’ Retirement System, West Sacramento, Chan cited President Donald Trump’s spate of executive orders in his first weeks in office as the primary driver of the risk of uncertainty in the markets. “As you know, markets...