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William Lee

Showing 1–6 of 6 transcripts.

  1. Milken Institute1h 2m

    How the New Tax Cuts Are Shaping the U.S. Economy—and Our Fiscal Future

    Josh Barro, Eric Cantor, Jason Furman, William Lee, Maya MacGuineas, David Freeman, Jr., Steve

    Former House Majority Leader Eric Cantor joined economists Jason Furman, Bill Lee, and Maya McGinnis to debate the new tax law's projected 0.7% annual GDP boost against concerns that rising debt will soon crowd out investment and hinder entitlement reform. While the group agreed the legislation offers short-term demand stimulus, they warned that without permanent spending cuts or revenue offsets, the resulting $1.5 trillion deficit will likely triple interest payments and force long-term interest rates higher. The panelists further noted that despite potential competitive advantages against China, the temporary nature of the cuts creates political uncertainty that may undermine the very productivity growth the law aims to stimulate.

  2. Milken Institute59 min

    U.S. Overview: Big Markets, Big Politics

    Philippa Thomas, Jonathan Blair, Ross DeVol, Tony Fratto, Steve Krouskos, William Lee, Trevor Custle, John Jones

    A panel of five experts, including Bill Lee of the Milken Institute and Steve Kruskos of EY, assessed the current U.S. economy with high optimism while highlighting a paradox between strong macroeconomic indicators and low public trust. The discussion covered the structural impacts of a $1.5 trillion tax bill, the risks of reduced regulatory burdens, and shifting investment trends driven by Brexit and tightening U.S.-China trade relations. Despite consensus on robust growth potential, speakers warned of underlying vulnerabilities such as income inequality, a slowdown in new business formation, and potential asset price distortions caused by monetary policy uncertainty.

  3. Milken Institute1h 0m

    A Glance through the Global Trade Window: Like the View?

    Adrian Wooldridge, Ailish Campbell, Ian Goldin, William Lee, Rhonda Schmidtlein, David Walker

    Panelists including Eilish Campbell, Bill Lee, Rhonda Smichline, and Ian Goldin examined the Comprehensive Economic and Trade Agreement's role in establishing a template for future deals while debating how globalization's uneven economic impacts fuel political populism. The discussion highlighted that while trade has driven global wealth, its benefits were not adequately redistributed to domestic losers, leading experts to reject Universal Basic Income in favor of policies prioritizing labor mobility and adaptable education systems. Furthermore, the group analyzed the risks of protectionism and financial instability, concluding that prudent regulatory frameworks and open data flows remain essential for maintaining economic resilience against emerging technological disruptions.

  4. Milken Institute1h 6m

    Beyond the Belt and Road Initiative: Financing Asia's Needs

    William Lee, Paul Gruenwald, Gerald Keefe, Lincoln Leong, Joachim von Amsberg, Faisal Syed

    Addressing the trillions of dollars in infrastructure financing gaps across Asia, this panel discusses the Asian Infrastructure Investment Bank's strategy to mobilize private capital through innovative project selection and cross-border connectivity. By leveraging value-capture models like MTR's rail-property approach and structured financial products such as maturity transformation, multilateral institutions aim to de-risk long-term investments for global institutional investors. The discussion concludes that shifting from bank-dominated lending to a market-based system requires robust public-private partnerships, regulatory certainty, and the allocation of specific risks to ensure sustainable economic development.

  5. Milken Institute1h 0m

    Monetary Policy: What's Left in the Toolbox?

    Sebastian Mallaby, Matt Freund, Emanuel Friedman, William Lee, Seema Shah, John Taylor

    Former Fed Chair John Taylor and fellow experts John Lee, Seema Shah, and Manny Friedman convened to argue that monetary policy must revert to a rules-based framework centered on price signals rather than discretionary market manipulation. The panelists collectively warned that the current reliance on low rates and quantitative easing has failed to stimulate Main Street investment, necessitating coordinated fiscal action and warning that political interference threatens central bank independence. Looking ahead, the group identified the structural inevitability of a return to the zero lower bound and the potential for digital currencies to bypass traditional constraints, urging a shift toward systematic policy to manage future global financial risks.

  6. Milken Institute1h 2m

    I'm Not an Impact Investor, or Am I?

    Caitlin MacLean, Janet Cowell, Sharon Hendricks, William Lee, Shawn Wischmeier, Bill Lee

    Representatives from Cargill Philanthropies, North Carolina State Treasurer, CalSTRS, and Kaiser Foundation convened to discuss managing a combined $400 billion in assets through tailored frameworks ranging from mission investing to long-term risk mitigation. The panel highlighted strong financial performance, including a 20% internal rate of return for North Carolina's in-state program, while identifying critical operational hurdles such as standardized data gaps and a scarcity of sophisticated managers. Moving forward, the institutions plan to establish common metrics, integrate ESG checklists into daily research, and shift from divestment strategies toward active engagement to balance fiduciary duty with environmental and social goals over multi-decade horizons.