Kathy Jones, Chief Fixed Income Strategist at the Schwab Center for Financial Research, joins Bloomberg Businessweek Daily from the Schwab IMPACT 2025 conference. She discusses the state of fixed income as the equity market contends with a bout of volatility. Jones says there’s a floor on yields “absent a very big change in the economic outlook.” She also discusses the Federal Reserve’s path forward, including why she thinks the market is “over its skis” by expecting more rate cuts. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)