In today's episode of HPS Insights, HPS Partner Matt McDonald interviews Wall Street Journal Chief Economics Correspondent Nick Timiraos on his new book, "Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic–and Prevented Economic Disaster." In the episode, Nick explains how he used his reporting during the beginning of the COVID-19 pandemic and extensive interviews to write a book detailing how the Federal Reserve handled COVID-19 and the related economic tribul...
Apr 04, 2022•36 min
In this edition of the Macrocast, HPS Partner Matt McDonald and CivicScience's John Dick join Tony, John, and Brendan to discuss a series of new data releases this week. Friday's strong jobs report clashes with another poor Economic Sentiment Index reading, as inflation looms large in consumers' minds. Will the Fed hike interest rates by 50 basis points? And do investors trust them to do so without triggering a recession? Show Notes Read the latest Economic Sentiment Index from HPS and CivicScie...
Apr 01, 2022•34 min
In this episode of HPS Insights, Mark Slaga, Global Practice Lead for Digital Workplace Services at Kyndryl, joins host Bryan DeAngelis to reflect on how the way we work has changed since the onset of the pandemic two years ago. Mark, who has led Kyndryl's work guiding Fortune 500 companies through the transition to remote and hybrid work, shares his insights into which COVID-induced changes are here to stay and which will fade. Above all, businesses will need to give all employees, regardless o...
Mar 29, 2022•20 min
In today's episode, veteran U.S. Treasury official Mark Sobel joins Tony, John, and Brendan to unpack the growing concerns around dollar dominance. The group discussed why dollar dominance is here to stay, sanctions' impact on its power, why other currencies like China's RMB don't pose a threat to the dollar's global role, as well as behind the scenes insights on why the Fed won't be making any statements on the dollar anytime soon. Show Notes: Mark Sobel is U.S. Chairman at the Official Monetar...
Mar 25, 2022•35 min
On this episode of HPS Insights, Managing Director and in-house Russia expert Stratton Kirton is joined by fellow Managing Director and former Senate Appropriations Committee staffer Jonathan Graffeo to discuss the various impacts of Russia's invasion of Ukraine. They touch on energy market volatility, congressional Ukraine aid in the recent Omnibus bill, the impact of sanctions, and more. Tune in! Show Notes: Historic Context And Economic Background Of Russia's War On Ukraine , Stratton Kirton ...
Mar 21, 2022•19 min
In today's episode of the Macrocast, Tony, John, and Brendan are joined by special guest Brai Odion-Esene, HPS alum and founder of SW4 Insights, a D.C.-based advisory firm providing intelligence and strategic counsel. The group chats about recent Federal Open Market Committee developments and some of the relevant stakeholders and factors that impact Fed decision making. In the second half of the episode, the conversation shifts towards recent market impacts resulting from sanctions on Russia; pa...
Mar 18, 2022•37 min
On the first edition of Macrocast Live, Tony, John, and Brendan are joined by three economic policy experts with decades of experience watching markets: Victoria Guida of Politico, Jim Pethokoukis of AEI, and Nathan Sheets of Citi. They discuss inflation dynamics, future Fed actions, and the impact of geopolitical turmoil on the global economy. This is an episode you do not want to miss! Show Notes: Jim's Substack: Faster, Please! Jim's Twitter: @JimPethokoukis Victoria's Twitter: @vtg2 Victoria...
Mar 16, 2022•56 min
On the newest episode of HPS' Crypto Convos, HPS Partner and series host Bryan DeAngelis is joined by Aaron Klein, senior fellow in Economic Studies at the Brookings Institution, focused on financial technology, financial regulation, and more. Bryan and Aaron unpack President Biden's new executive order on digital assets and discuss the importance of crypto and digital financial assets to cross-border remittances. The pair also look ahead to the future of commercial and central bank digital curr...
Mar 14, 2022•35 min
On today's Macrocast, John Dick from CivicScience joins Tony and John Fagan to discuss the latest economic sentiment reading. The conflict in Ukraine is threatening to drag the consumer outlook to a new low, eclipsing the pandemic as consumers' primary concern. Plus, the group contrasts how the U.S. and Europe are weathering the dual crises of inflation and Ukraine. Read the latest economic sentiment index update here . Read more insights from CivicScience here ....
Mar 11, 2022•27 min
In today's episode of HPS Insights, Bryan DeAngelis interviews his good friend and Director of Engagement & Special Projects for Delaware Governor John Carney, Emily David Hershman. Bryan and Emily dive deep into how states like Delaware have managed the pandemic over the past two years, coordinated with other states and the federal government, and worked to develop lasting trust in statewide institutions. Follow Emily on Twitter ( @emdave3 )and check out more details in the show notes below...
Mar 08, 2022•25 min
On this week's episode of the Macrocast, Tony and Brendan are joined by HPS Partner Matt McDonald to discuss the strong February jobs report. They also debate the impact of Russia's invasion of Ukraine on inflation dynamics, supply chains, U.S.-China relations, and Europe. Tune in for a recap of a busy week around the world. Show Notes: February Jobs Report Fact Sheet (From Hamilton Place Strategies) February's Jobs Report (From the Bureau of Labor Statistics)...
Mar 04, 2022•30 min
In this edition of HPS Insights, Tony Fratto hosts HPS Managing Directors and Hill alums Jonathan Graffeo and Kriston McIntosh for a discussion on President Biden's State of the Union address. The group evaluates the President's efforts to build unity around Ukraine, the pandemic, the remnants of BBB, and more. Read the full transcript of the State of the Union address here . Find Jonathan Graffeo's bio here . Find Kriston McIntosh's bio here ....
Mar 02, 2022•24 min
In today's episode, HPS Managing Director and Russia expert Stratton Kirton joins Bryan, John, and Brendan to discuss Russia's invasion of Ukraine and its economic implications. Stratton breaks down the latest sanctions on Russia and how they'll impact Putin's strategic calculus and global markets. The group also looks ahead to how central banks may respond to the crisis, with the next Fed meeting set for early March.
Feb 25, 2022•27 min
In this episode of HPS Insights, Meghan interviews HPS's Andrea Christianson, JinAh Kim, Maggie Wang, and Parker St. Jean about their recent project, Capitol Chatter: A Quarterly Analysis of Congressional Tweets . The team chats about how Twitter mentions of certain issues can differ from mainstream media coverage. They also discuss emerging trends in elected officials' approach to Tweeting, contrasting recent posts about inflation from Democratic and Republican Members of Congress as an example...
Feb 23, 2022•21 min
On this week's Macrocast, Tony, John, and Brendan are joined by John Dick to discuss the Economic Sentiment Index's (ESI) record drop and people's "sour" outlook that extends past just the economy. The group also dives into the uncertainties present in the Ukraine-Russia situation, the Fed's tough job ahead, and what to expect next week—from PMIs to the Iran Nuclear Deal talks and more.
Feb 18, 2022•33 min
Hosted by Elliott Owensby and Bryan DeAngelis, Crypto Convos is a miniseries from HPS, featuring interviews with crypto experts from across the industry to explore their perspectives on new developments in the crypto space. In this episode, Bryan and Elliott host Alex Sternhell, Principal at the Sternhell Group and top Washington strategist in the financial services public policy space. Bryan, Elliott, and Alex discuss the current status of cryptocurrency on the Hill, including potential legisla...
Feb 17, 2022•37 min
In this installment of Crypto Convos, Will McDonough, CEO of Corestone Capital and Vice Chairman of Valkyrie Investments, joins HPS Partners Matt McDonald and Bryan DeAngelis and Markets Policy Partners' Brendan Walsh to discuss the maturing regulatory landscape around crypto assets. McDonough shares his experience navigating the SEC approval process for Valkyrie's groundbreaking, crypto-based ETFs and offers insights into some of the fundamental questions about the nature of crypto and its regu...
Feb 17, 2022•36 min
On the inaugural episode of HPS Insight's Crypto Convos miniseries, hosts Bryan DeAngelis and Elliott Owensby are joined by special guest Amit Sharma, CEO and Founder of FinClusive, to discuss FinClusive's role in expanding digital financial access across the globe, the tension between counter-terrorist financing and financial inclusion, as well as the importance of financial inclusion to U.S. national security.
Feb 15, 2022•34 min
On today's Macrocast, Tony and Brendan are joined by the Founder of SW4 Insights, Brai Odion-Esene, to discuss this week's inflation and earnings figures. The group dives into why the conventional wisdom of what is driving higher prices—and expectations of what the Federal Reserve can do to address them—is often misguided.
Feb 11, 2022•34 min
On today's Macrocast, Tony, John, and Brendan are joined by HPS' Matt McDonald to discuss January's job numbers and economic growth despite inflation and COVID-19 concerns. Plus, the group dives into the latest corporate earnings reports, with some surprising standout performances!
Feb 04, 2022•35 min
In this live episode of HPS Insights, HPS Partners Bryan DeAngelis and Matt McDonald are joined by Ballast Research's Mike Gottlieb and Michael Griffin to discuss their new report, Washington Insights Review, Redefining Corporate Citizenship: Policymaker Perceptions of Corporate Engagement in DC . They discuss emerging new standards for corporate citizenship, the impact of corporate social responsibility initiatives in D.C., and more....
Feb 03, 2022•34 min
The Fed seems set on significant quantitative tightening in 2022, but the latest Core PCE data suggests inflation could begin to stabilize in the coming months. John Dick joins Tony, John, and Brendan to discuss how much markets are pricing in an expected tightening, and how much work will be left for the Fed to do. Plus, the group breaks down the market impacts of the tensions in Ukraine and considers the trajectory of the Great Resignation.
Jan 28, 2022•32 min
In today's book recommendation episode of HPS Insights, Tony interviews his good friend Anna Gifty Opoku-Agyeman about her new book, "The Black Agenda," out today! The two chat about the book, a collection of essays by Black experts on a variety of public policy topics, and discuss why it is so important to include Black voices in public policy debates. In addition to her latest credential as editor of "The Black Agenda," Anna is an award-winning researcher and writer and the co-founder of the S...
Jan 28, 2022•42 min
What's next for the tech antitrust legislation moving through the Senate? Adam Kovacevich, Founder and CEO of tech advocacy group Chamber of Progress, and HPS Senior Director Elliott Owensby join HPS Partner Bryan DeAngelis for a recap of last Thursday's Senate Judiciary Committee markup of the bill. The group discusses how Senator Klobuchar's proposal to block tech companies from giving preferential treatment to their products might take shape. Follow @AdamKovac and learn more about Chamber of ...
Jan 25, 2022•19 min
On this week's edition of the Macrocast, Fanta Traore—CEO and Co-Founder of the Sadie Collective—joins Brendan and John to discuss inflation, Federal Reserve nominations, and the prospect of a new digital dollar. In particular, the group focuses on how these topics intersect with equity in society.
Jan 21, 2022•39 min
In this week's edition of the Macrocast, Loren Smith from Skyline Policy Risk Group joins Tony, John, and Brendan to discuss all things supply chain, diving into the "subplots" behind this ongoing crisis, including China geopolitics, omicron, infrastructure, workforce, and more. Plus, the group breaks down the newest CPI & PPI numbers and inflation's outlook.
Jan 14, 2022•40 min•Season 4Ep. 2
In the first HPS Macrocast of Season Four and of the new year, Tony, John, Brendan, and HPS' Matt McDonald discuss the last jobs report data of 2021, potential actions the Fed will take in 2022, and the likely economic impacts of the omicron variant.
Jan 07, 2022•39 min•Season 4Ep. 1
To wrap up Season Three of the HPS Macrocast, Tony, Brendan, and John look back on another tumultuous year in markets, politics, and society. The group assesses the Biden administration's performance in its first year and discusses what 2022 might hold for Build Back Better, U.S.-China relations, the Fed, and the pandemic. Plus, Tony, Brendan, and John share the best books they read in 2021.
Dec 22, 2021•1 hr 3 min
On today's Macrocast, guest host @mdpen and @MarketsPolicy discuss central bank developments in response to worsening inflation, the state of Build Back Better, and Democratic politics in the Senate.
Dec 17, 2021•37 min
Today's leaders must adapt to growing risks when it comes to public health, security, the environment, and more. But even when these risks are known, leaders are often unprepared to face them. In this edition of HPS Insights, General Stanley McChrystal and Anna Butrico, co-authors of Risk: A User's Guide , join HPS Partners Tony Fratto and Stacy Kerr to discuss how leaders should think about risk in a complex world.
Dec 16, 2021•40 min
