30/30 Vision

Philipp Hildebrand on Re-thinking Policy in a World of Uncertainty

In this episode, recorded on March 25, 2025, we are joined by Philipp Hildebrand, G30 member and Vice Chairman of BlackRock. Philipp joined BlackRock in 2012. Prior to that, he served as Chairman of the Governing Board of the Swiss National Bank. In that capacity, he was also a Director of the Bank for International Settlements, the Swiss Governor of the International Monetary Fund, and a member of the Financial Stability Board of which the Leaders of the G20 appointed him Vice Chairman in 2011. Previously, Philipp was Chief Investment Officer of a Swiss private bank and a partner at Moore Capital Management in London. In this conversation, Philipp shares his insights on the global macroeconomic outlook, the opportunity for the European Union, the potential of European capital markets, and the implications of rising global fragmentation. [00:00] - Introduction  [1:29] – The Global Macro-Outlook  [15:01] – Challenges Ahead in the European Union [22:15] – Capital Markets in the EU Join us monthly, with host Stuart Mackintosh, to keep up on the world's most pressing economic and financial issues. The views expressed in each podcast episode are those of the featured guest only and do not represent the views of the Group of Thirty, its members, or their respective institutions. Podcast website: 30/30 Vision [https://3030vision.buzzsprout.com/] Group of Thirty Website: Group of 30: Consultative Group on International Economic and Monetary Affairs, Inc. (group30.org) [https://group30.org/] Twitter/X: Group of Thirty (@GroupofThirty) / Twitter [https://twitter.com/GroupofThirty]

Mohamed El-Erian's Perspectives on US Economic Outlook, China's Middle-Income Trap, and the UK's Performance

Today we are joined by G30 member Mohamed El-Erian. Dr. El-Erian is the President of Queens’ College, Cambridge, and holds several prestigious roles, including Chief Economic Advisor at Allianz, Chair of Gramercy Fund Management, and the Rene M. Kern Professor of Practice at The Wharton School. He was the CEO and co-CIO of PIMCO from 2007 to 2014, and has been a columnist for Bloomberg Opinion and the Financial Times. El-Erian serves on the boards of Barclays, Under Armour, and various non-profits, including the NBER. He chaired President Obama’s Global Development Council from 2012 to 2017. El-Erian’s career includes 15 years at the IMF and two years as CEO of Harvard Management Company. He has been recognized as a top global thinker by Foreign Policy and a LinkedIn Top Influencer. His 2008 book When Markets Collide was a bestseller and won the Financial Times/Goldman Sachs Business Book of the Year and was named a book of the year by The Economist and one of the best business books of all time by the Independent (UK).  Mr. El-Erian offers his perspective on the US economic outlook, China's transition to a high-income country, and the UK under its new government. [00:00] - Introduction [00:30] - US Economic Outlook [5:34] - Disconnect between Economic Markers and Public Perspectives [7:33] - Views of the Chinese Economy [17:02] - A Look at the UK Join us monthly, with host Stuart Mackintosh, to keep up on the world's most pressing economic and financial issues. The views expressed in each podcast episode are those of the featured guest only and do not represent the views of the Group of Thirty, its members, or their respective institutions. Podcast website: 30/30 Vision [https://3030vision.buzzsprout.com/] Group of Thirty Website: Group of 30: Consultative Group on International Economic and Monetary Affairs, Inc. (group30.org) [https://group30.org/] Twitter/X: Group of Thirty (@GroupofThirty) / Twitter [https://twitter.com/GroupofThirty]

Jean-Claude Trichet on the European Economy, Inflation, and Future Challenges

Today we are joined by esteemed G30 member Jean-Claude Trichet. He is honorary chairman of the Board of Directors of the Bruegel Institute, honorary chairman of the Group of Thirty, and former European chairman of the Trilateral Commission.  Jean-Claude Trichet was President of the European Central Bank from 2003 to 2011. He was Governor of Banque de France and Undersecretary of the French Treasury. He was President of the Paris Club (debt rescheduling), President of the European Monetary Committee, President of the Group of 10 Central Banks Governors. and President of the Global economy meeting in Basel. Jean-Claude was named “Person of the Year” by the Financial Times in 2007 and n° 5 of the “World Most Powerful” in the Newsweek list (2008). Mr. Trichet gives us insight into his perspectives of the European Economy, French Politics, and his outlook for the future of the EU. [00:00] - Introduction [1:57] - View of the European Economy [11:32] -Central Banks and the Battle Against Inflation [17:38] - France's Political and Economic Landscape [26:26] - Europe's Competitiveness Join us monthly, with host Stuart Mackintosh, to keep up on the world's most pressing economic and financial issues. The views expressed in each podcast episode are those of the featured guest only and do not represent the views of the Group of Thirty, its members, or their respective institutions. Podcast website: 30/30 Vision [https://3030vision.buzzsprout.com/] Group of Thirty Website: Group of 30: Consultative Group on International Economic and Monetary Affairs, Inc. (group30.org) [https://group30.org/] Twitter/X: Group of Thirty (@GroupofThirty) / Twitter [https://twitter.com/GroupofThirty]

Agustín Carstens on Central Banking Developments and Challenges Ahead

Today we are joined by Agustín Carstens, G30 member and General Manager of the Bank for International Settlements. Agustín was Governor of the Bank of Mexico from 2010 to 2017. A member of the BIS Board from 2011 to 2017, he was chair of the  Global Economy Meeting and the Economic Consultative Committee from 2013 until 2017.  He began his career in 1980 at the Bank of Mexico and from 1999 to 2000, he was Executive Director at the IMF. He later served as Mexico's deputy finance minister and as Deputy Managing Director at the IMF.  He was Mexico's finance minister from 2006 to 2009. Mr. Carstens joins us to discuss the BIS’ latest Annual Economic Report, the institution’s main economic review of the year, which presents commentary on the global economy and outlines policy challenges. [00:00] - Introduction [2:00] - A Soft Landing and Policy Factors [11:20] - Lessons Learned: Monetary Policy, Financial Stability, and Growth [20:30] - Managing Fiscal Space: Balancing Debt Levels and Economic Growth [25:50] - The Uncertain Impact of AI and Digitization in the Financial Sector Join us monthly, with host Stuart Mackintosh, to keep up on the world's most pressing economic and financial issues. The views expressed in each podcast episode are those of the featured guest only and do not represent the views of the Group of Thirty, its members, or their respective institutions. Podcast website: 30/30 Vision [https://3030vision.buzzsprout.com/] Group of Thirty Website: Group of 30: Consultative Group on International Economic and Monetary Affairs, Inc. (group30.org) [https://group30.org/] Twitter/X: Group of Thirty (@GroupofThirty) / Twitter [https://twitter.com/GroupofThirty]

Raghuram Rajan on the Future of India

Today's guest, G30 member Raghuram Rajan, is a Distinguished Service Professor of Finance at the Booth School. He served as the 23rd Governor of the Reserve Bank of India between 2013 and 2016. From 2003 to 2006, Dr. Rajan held the positions of Chief Economist and Director of Research at the IMF. In January 2003, the American Finance Association awarded him the inaugural Fischer Black Prize for the best finance researcher under the age of 40. Last year, he co-chaired The Group of Thirty’s report on Central Banking and Monetary Policy. Most recently, Professor Rajan has been focusing on the economic future of India, co-authoring his latest book Breaking the Mold: India’s Untraveled Path to Prosperity with Dr. Rohit Lamba. [00:00] - Introduction [2:40] - Elections in India [5:30] - The Need for a Course Change in India's Economic Approach [9:00] - Job Creation and Education Investments: Can India Do It Before It Grows Old? [20:00] - Leveraging Human Capital: India's Path to Becoming a Services Superpower Join us monthly, with host Stuart Mackintosh, to keep up on the world's most pressing economic and financial issues. The views expressed in each podcast episode are those of the featured guest only and do not represent the views of the Group of Thirty, its members, or their respective institutions. Podcast website: 30/30 Vision [https://3030vision.buzzsprout.com/] Group of Thirty Website: Group of 30: Consultative Group on International Economic and Monetary Affairs, Inc. (group30.org) [https://group30.org/] Twitter/X: Group of Thirty (@GroupofThirty) / Twitter [https://twitter.com/GroupofThirty]