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What's the Right Way to Approach Rising Rates?

Vanguard economist Joe Davis thinks the Fed is unlikely to make a policy error and that there is no reason to abandon high-quality bonds.

What's the Right Way to Approach Rising Rates?

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. How will rising interest rates affect investors and the markets in the years ahead? Joining me to discuss that topic is Joe Davis. He is the global chief economist and global head of Vanguard's Investment Strategy Group.

Joe, thank you so much for being here.

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