Why Calstrs CIO Wants the Fed to Raise Rates Faster

The video discusses the concept of 'normal' interest rates, highlighting a shift from 4% to 3% as a standard. It explores the impact of low interest rates on savings, particularly for millennials, and the challenges of a flat yield curve. The demand for long-term duration is emphasized, with insights from Larry Fink on global investment trends.

What does the speaker suggest is necessary for millennials regarding saving money?

What does the speaker mean by 'duration' in the context of the yield curve?