In times of uncertainty, it pays for income investors to be flexible, according to Vanguard's Michael Chang. Economic data has been mixed and the path of future monetary policy is up in the air, while unresolved events continue to unfold in Washington, D.C., he said. In addition to the possibility of Federal Reserve rate cuts in September, President Donald Trump 's attempt to fire Fed Board of Governors member Lisa Cook has added to the unpredictability, he noted. "What I'm trying to do is really lean into strategies to generate income that I feel highly confident in, regardless of what happens in terms of the economic environment, regardless of what happens in Washington or monetary policy," said Chang, senior portfolio manager on the Vanguard Multi-Sector Income Bond Fund , as well the V

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