Joanne M. Driscoll, CFA
Head of Short Term Liquid Markets
Ms. Driscoll is the Head of Short Term Liquid Markets in the Fixed Income group. She is responsible for the
oversight of the investment strategies and management of short duration products along with SEC Rule
2a-7 mandated portfolios and other cash assets. Ms. Driscoll also oversees Putnam's Trading Operations
team. She is a Portfolio Manager of Putnam Government Money Market Fund, Putnam Money Market
Fund, Putnam Short Duration Bond Fund, and Putnam Ultra Short Duration Income Fund. Ms. Driscoll is a
member of the Putnam Benefits Investment Committee. She joined Putnam in 1995 and has been in the
investment industry since 1992.
More from the Fixed Income team
Sector views
Fixed income markets experienced widespread declines in the U.S. and globally in the third quarter of 2022, as inflation remained high and became more broad-based.
Expect a pause, not a pivot, as savings fuel spending
In the coming months, the Fed will not likely pivot, but pause and wait with a high level of rates for convincing signs of disinflation.
High job openings signal wage-price spiral
Limited labor supply, higher wages, and a high staff turnover seems to have initiated a wage-price spiral.
Covid-related labor imbalances complicate Fed's inflation fight
Demographic shifts and labor imbalances might have disturbed consumption-saving decisions that impact inflation.