Stimulus Checks + PPP + Zero Interest Rates = Inflation?

401(k) Fridays Podcast

Recently, there has been a lot of money, trillions of dollars, pumped into the markets and economy. What is the impact on inflation, how could this impact the broader markets, what do near zero interest rates mean? To tackle this and much more, I am happy to welcome back Rich Weiss, a Senior Vice President and Chief Investment Officer, Multi-Asset Strategies for American Century Investments. Rich brings some great stories, ability to break down complex topics and make them understandable and a few jokes to the podcast today.

Before we get started, we have some great new episodes coming up featuring my conversation with a 401(k) plaintiff’s attorney, another one talking with one of the private equity firms who applied for the recent DOL information letter to get their thoughts on allowing private equity in 401(k) plans and a detailed look at Regulation BI which takes effect on June 30th. If for any reason you are not subscribed to the podcast, you can take care of that by searching 401(k) Fridays on your favorite podcast app or by visiting 401kfridays.com/subscribe.

Guest Bio

Richard Weiss is senior vice president and chief investment officer, Multi-Asset Strategies for American Century Investments.

Mr. Weiss oversees the team that manages the firm's multi-asset strategies, including the One Choice (Target Risk and Target Date) Portfolios®, Strategic Allocation and investments offered in the Learning Quest® 529 Education Savings Program. He also serves as a member of the American Century Investments Asset Allocation Committee, which is responsible for establishing investment policy and reviewing investment decisions for all of the firm's multi-asset products.

Prior to joining the firm in 2010, Mr. Weiss was executive vice president and chief investment officer of City National Bank, where he was responsible for the bank's investment management group and directed investment policy and strategy. Previously, he was executive vice president and chief investment officer at Sanwa Bank California, where he managed all aspects of their investment department. Earlier in his career, Mr. Weiss held senior investment positions at Vantage Global Advisors, TSA Capital Management, PaineWebber and Mellon Bank.

An investment veteran with over 35 years of experience, Mr. Weiss holds a bachelor's degree in finance from the Wharton School at the University of Pennsylvania and an MBA from the University of Chicago. He has authored several academic papers and is well known for his advanced work in the field of global investing. Mr. Weiss is also a frequent guest on CNBC, Bloomberg Television, Fox Business and Bloomberg Radio.

401(k) Fridays Podcast Overview

Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!