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Current Account with Clay Lowery

Institute of International Finance
China
Taiwan
United States
Emerging Markets
Global Debt
Democratic Progressive Party
Kuomintang
European Union
Sovereign Debt Sustainability Act
Spring Meetings Week
Donald Trump
Ukraine
Russia
Council On Foreign Relations
Government Deficits
Sovereign Debt
Geopolitics
Japan
Silicon Valley Bank
Israel

Each week, Clay Lowery at the Institute of International Finance highlights current issues in international finance and economics through the lens of U.S. policy and politics. Clay and his guests explain what to watch in the coming week, and deep-dive into some of the most important topics facing the financial industry, and our world.

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Latest Episodes

In this episode of Current Account, Clay is joined by Doug Elliott, Partner at Oliver Wyman, and Andrés Portilla, Managing Director of Regulatory Affairs at the IIF, to take a closer look at the growing global debate over regulatory modernization. Fi... more

In this emergency episode of Current Account, Clay continues the discussion on tariffs with Chris Padilla from the Brunswick Group after the U.S. Supreme Court on Friday, February 20, ruled that the International Emergency Economic Powers Act (IEEPA)... more

In this episode of Current Account, Clay is joined by Nathan Sheets, Global Chief Economist at Citi and former U.S. Undersecretary of the Treasury for International Affairs, to explore Japan’s shifting economic landscape following a historic politica... more

In this episode of Current Account, Clay is joined by Chris Padilla, Senior Advisor at Brunswick Group and former U.S. Under Secretary of Commerce for International Trade, to revisit U.S. trade policy. After a turbulent 2025 marked by sweeping tariff... more

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Recent Guests

Nathan Sheets
Global Chief Economist for Citi and former Undersecretary for International Affairs at the U.S. Treasury Department
Citi
Episode: Episode 135 – When the Questions Are Better Than the Answers: Signals From Japan and the Dollar
Chris Padilla
Senior Advisor at the Brunswick Group and former Under Secretary of Commerce for International Trade
Brunswick Group
Episode: Episode 134 – The Best of Times and the Worst of Times: A Tale of Trump’s Tariffs
Hannah Anderson
Senior Policy Advisor for the IIF on Digital Finance
Institute of International Finance
Episode: Episode 132 – The Transformation of Finance — It’s Actually Nuanced: Let’s Look at Digital Money for Instance
Christian Mumenthaler
Former CEO of Swiss Re and chair of the UBS Center for Economics in Society
Swiss Re
Episode: Episode 131 – Myth Busted? - Europe's Path for Growth and Competition
Eric Farnsworth
Partner at Continental Strategy with over 30 years of experience in U.S. foreign policy and trade, particularly in Latin America
Continental Strategy
Episode: Episode 129 – Venezuela: Navigating the Aftermath and Path to Transition
Jérôme Haegeli
Group Chief Economist at Swiss Re and Managing Editor of Swiss Re's Sigma Research Series
Swiss Re
Episode: Episode 128 – Too Many Cooks in the Kitchen? - Insurance Outlook Amidst Regime Shifts
Philippe Brahin
Leader of the IIF's robust insurance practice with extensive experience in the insurance market
Institute of International Finance
Episode: Episode 128 – Too Many Cooks in the Kitchen? - Insurance Outlook Amidst Regime Shifts
Kezia McKeague
Regional Director for Latin America at McLarty Associates, with over 15 years of experience on policy and business issues in Latin America.
McLarty Associates
Episode: Episode 124 – Argentina's Midterms - Will This Time be Different?
Martín Castellano
Head of Latin American Research at IIF, previously served at the Central Bank of Argentina doing macroeconomic research.
Institute of International Finance (IIF)
Episode: Episode 124 – Argentina's Midterms - Will This Time be Different?

Host

Clay Lowery
Host of Current Account at the Institute of International Finance, focusing on critical issues in international finance and economics.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#170
France/News/Business News
Apple Podcasts
#93
South Korea/News/Business News
Apple Podcasts
#113
India/News/Business News
Apple Podcasts
#174
Switzerland/News/Business News
Apple Podcasts
#199
Mexico/News/Business News
Apple Podcasts
#199
Japan/News/Business News
Apple Podcasts
#239
Sweden/News/Business News
Apple Podcasts
#246
Hong Kong/News/Business News

Talking Points

Recent interactions between the hosts and their guests.

Episode 135 – When the Questions Are Better Than the Answers: Signals From Japan and the Dollar
Q: How does the administration balance wanting a weaker dollar for exports while maintaining leverage as the reserve currency?
The administration is caught between wanting a weaker dollar to support manufacturing and being mindful of the dollar's reserve status, illustrating conflicting interests in currency policy.
Episode 135 – When the Questions Are Better Than the Answers: Signals From Japan and the Dollar
Q: What are the implications of the historical weakness of the yen?
The yen's significantly weakened position could create volatility and has involved discussions of potential US intervention, due to its effects on global financial markets and competition.
Episode 135 – When the Questions Are Better Than the Answers: Signals From Japan and the Dollar
Q: What does Prime Minister Takaichi's electoral victory signal for Japanese economic policies?
Nathan notes that Prime Minister Takaichi's mandate emphasizes her strong personal popularity and indicates potential shifts in economic policies, though there is uncertainty about how these will manifest.
Emergency Episode - Supreme Court Overturns IEEPA Tariff Authority
Q: What are the consequences of this tariff decision on U.S. politics?
Tariffs are unpopular and often blamed for rising costs, posing challenges for the administration as midterms approach; there's also an opportunity to reduce tariffs by not reimposing them.
Emergency Episode - Supreme Court Overturns IEEPA Tariff Authority
Q: What does the Supreme Court's decision mean for the foreign countries involved?
The ruling has resulted in uncertainty for foreign countries, leading to potential reductions in tariffs for some like Brazil and increases for others like the UK.

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Frequently Asked Questions About Current Account

What is Current Account about and what kind of topics does it cover?

Content addresses the critical issues in international finance and economics, primarily viewed through the lens of U.S. policies and political landscapes. Frequent discussions cover topics such as regulatory reforms, global debt dynamics, the evolving banking landscape, and the implications of geopolitical tensions on economic stability. Noteworthy is the podcast's ability to connect macroeconomic trends to real-world impacts, making complex subjects accessible to listeners. It also features expert insights from guests hailing from influential financial institutions and policy organizations, offering diverse perspectives on current financial challenges and opportunities.

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These podcasts share a similar audience with Current Account:

1. Macro Musings with David Beckworth
2. FT News Briefing
3. Economist Podcasts
4. Pivot
5. The Daily

How many episodes of Current Account are there?

Current Account launched 4 years ago and published 138 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Current Account?

Recent guests on Current Account include:

1. Nathan Sheets
2. Chris Padilla
3. Hannah Anderson
4. Christian Mumenthaler
5. Eric Farnsworth
6. Jérôme Haegeli
7. Philippe Brahin
8. Kezia McKeague

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