Milken Institute 7d ago

Watch all 2026 Global Conference session replays: https://milkeninstitute.org/events/global-conference-2026/program This session examines whether the global economy has entered a structurally different interest rate regime and how that shift is reshaping capital allocation and cross-border flows worldwide. Persistent inflation, constraints on monetary policy, and tradeoffs in growth across developed and emerging markets will be discussed, with a forward focus on policy divergence, fiscal sustainability, and implications for global liquidity. The discussion will link central bank strategy to portfolio risk, duration management, and asset valuation, while assessing how regulatory reform, balance sheet discipline, and corporate governance changes in major economies are redirecting global capital flows across public and private markets. Investors will evaluate regional regime dispersion, the repricing of real assets, equities, and credit, and where capital is likely to concentrate or retreat as portfolios adapt to a more fragmented, higher volatility global macro environment. Stephanie Ruhle Anchor, The 11th Hour, MS NOW André Esteves Chairman and Senior Partner, BTG Pactual George Goncalves Managing Director, Head, U.S. Macro Strategy, MUFG Karen Karniol-Tambour Co-Chief Investment Officer, Bridgewater Associates, LP Seema Shah Chief Global Strategist, Principal Asset Management Jeffrey Solomon Special Advisor and Vice Chair, TD Bank US