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Take 15 Podcast


The Take 15 Podcast Presented By CFA Institute is a popular audio interview series defined by illuminating, short conversations with noted economists, best-selling authors, leading researchers, and successful practitioners on topics ranging from geopolitics and cryptocurrencies to irrationality and outlooks.

Download now, listen later and reflect at length.

Show Host: Lauren Foster

Producer: Mitchell Forst 

Aug 11, 2021

In this conversation about the economy and monetary policy, Cheryl I. Smith, CFA, economist and portfolio manager at Trillium Asset Management, discusses the Federal Reserve’s strategy of flexible average inflation targeting, the role of Central Banks in solving social problems, and what history teaches us about tackling financial crises.
 
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📃 Transcript
 
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 Episode Breakdown:
1:30 How have financial crises shaped policy and where we are today?
4:46 One piece of wisdom Cheryl would impart to investors.
7:00 Cheryl explains what prompted the major shift in the Federal Reserve and the new approach to monetary policy and why it’s significant.
11:46 Should central banks take an active role in tackling wider societal change challenges?
13:56 Lauren asks Cheryl what she will be listening for at the next Jackson Hall Conference and if she expects to hear anything different than before. 
15:05 If you were the playwright, what would the narrative be in Act II?
18:16 Are we going back to the 1970s? Are we entering the post-financialization era? Are we in a new era of globalization or regionalization? 
22:50 Cheryl’s origin story: how she got involved in investing and how she ended at Trillion. 
27:00 Cheryl shares her approach at Trillium to socially responsible investing.
29: 15 Closing questions
- One positive, long-lasting change that Cheryl hopes to see as a result of the pandemic. 
- What one object would Cheryl take with her on a long-duration space flight. 
- Flight or invisibility?
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Related Articles and Links:
Bloomberg article
FT article
Cheryl’s origin story
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Find Cheryl here:
LinkedIn
 
Find Lauren Foster here:
LinkedIn
 
Twitter: @laurenfosternyc