Charlie Rose Season 21 Episode 110 Jay Fishman; Adam Posen

Jay Fishman, former CEO of Travelers, and Adam Posen, President of the Peterson Institute, join Charlie Rose on season 21 episode 110 of the show. The two gentlemen have in-depth conversations about various aspects of global finance, including the role of central banks, capital markets, and economic governance.

The episode opens with Charlie Rose introducing both guests and discussing their backgrounds briefly. Jay Fishman, a highly regarded and successful businessman, has led a fascinating career in the insurance industry. Adam Posen is an established economist and the president of Peterson Institute, a research institution that focuses on international economic policies. Charlie Rose sets the tone for a compelling and informative discussion that is centered around the global financial system.

Throughout the episode, the trio covers an array of topics related to global finance. They first discuss the important role that central banks play in the economy, as well as their responsibility to keep inflation in check. Fishman and Posen provide valuable insight into how central banks, with their ability to print money, can create impetus and support for the economy during periods of low demand.

Next, they discuss the importance of capital markets and how they facilitate the flow of capital throughout the economy. Fishman explains how investors are able to allocate their capital towards higher-risk investments, which can lead to higher returns. Posen notes how the availability of credit can spur investment and create employment opportunities. They also delve into the impact that regulations can have in shaping the behavior of investors and institutions.

Towards the end of the episode, the conversation shifts to the topic of economic governance on a global scale. Fishman and Posen discuss how the United States, China, and other countries have different models of governance, which can lead to varying levels of economic growth. They also cover the importance of international organizations such as the International Monetary Fund in promoting economic stability and growth.

Overall, the episode provides a unique and informative perspective on the global financial system. Fishman and Posen's wide range of experiences in various sectors of the economy, paired with Charlie Rose's skilled interviewing, make for an engaging discussion that is accessible to both experts and laymen. The episode serves as a reminder of the crucial role that finance, economics, and good governance play in the world we live in.