John Lipsky & Steve Forbes

Consider Steve Forbes and John Lipsky for a robust conversation about the international economy.

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John Lipsky

  • First Deputy Managing Director, IMF (2006-2011)
  • Peterson Distinguished Scholar at the Kissinger Center for Global Affairs and Senior Fellow of the Foreign Policy Institute of Johns Hopkins University’s Paul H. Nitze School for Advanced International Studies (SAIS)
  • Co-Chair, Aspen Institute’s Program on the World Economy
  • Executive Director, National Bureau of Economic Research (NBER)

John Lipsky’s service at the International Monetary Fund coincided with the onset of the greatest economic and financial challenges faced yet by the rapidly globalizing world. Having served as the IMF’s First Deputy Managing Director between 2006-2011, as well as Acting Managing Director from May-July 2011, Lipsky helped lead the IMF’s efforts to halt the global downturn, to reestablish economic and financial stability, and to restart growth through unprecedented international policy cooperation in the face of historic market upheavals and systemic disruption.

Over the course of his distinguished career in both the private and public sectors, he has earned the credentials that give him the respect of leaders from both sectors around the world. Lipsky offers a unique insight into how economic policy is being negotiated and implemented today, reflecting the unique challenges and the global realities of shifting relative power in both economic and political arenas.

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Steve Forbes headshot

Steve Forbes

  • Chairman and Editor-in-Chief of Forbes Media
  • Expert on the Global Economy, Monetary Policy and Politics
  • Bestselling Author

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media, and an internationally respected authority in the worlds of economics, finance, and corporate leadership. With the economy at the forefront of conversation on a global level, Mr. Forbes offers long-standing insights that capitalism, free markets, and a flat tax are essential to a healthy economy. This is a message Mr. Forbes has been delivering as editor of one of the world’s most successful business magazines for decades, and he continues to be one of the most sought-after speakers on this and other economic issues leading the economic debates around the world.

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Learn more about John Lipsky & Steve Forbes

John Lipsky's Biography

A world-renowned economist, John Lipsky’s distinguished career in both the private and public sectors, has earned him the respect and regard of many leaders around the world. His service at the International Monetary Fund coincided with the most challenging era for the international economy in the past 70 years. Having served as the IMF’s First Deputy Managing Director—the organization’s No. 2 Leadership Role – between 2006-2011, as well as Acting Managing Director from May-July 2011, Lipsky was a dedicated and effective leader who sought more effective international cooperation during a period of historic upheaval for the global economy.

Lipsky's sudden accession as the IMF’s Acting Managing Director came at a time of particular stress for European economies, institutions and financial markets. He led the IMF delegation at the 37th G8 summit held in May 2011 in Deauville, France, that also focused on forging a new partnership with Middle Eastern and North African countries following the Arab Spring. Representing the IMF at critical meetings of Eurozone Finance Ministers, Lipsky pushed hard for stronger action to halt the downward spiral, to restart growth and to implement important reforms. His strong stance and steadfast leadership during this period was noted widely at the time in publications like The Economist.

Before coming to the Fund, Mr. Lipsky was Vice Chairman of the JPMorgan Investment Bank. In this position, he advised the firm's principal market risk takers, published independent research on the principal forces shaping global financial markets, was actively engaged with JPMorgan's key clients, and represented the firm around the world with senior public and financial sector decision makers.

Previously, Mr. Lipsky served as JPMorgan's Chief Economist, and as Chase Manhattan Bank's Chief Economist and Director of Research. He served as Chief Economist of Salomon Brothers, Inc. from 1992 until 1997. From 1989 to 1992, Mr. Lipsky was based in London, where he directed Salomon Brothers' European Economic and Market Analysis Group during a time of fundamental and historic shifts in Europe. Mr. Lipsky joined Salomon Brothers in 1984, working closely with Henry Kaufman when Salomon was a powerful and pioneering presence in rapidly growing global financial markets.

Mr. Lipsky spent a decade at the IMF following his graduate studies at Stanford. His key staff assignments were helping to manage the Fund's exchange rate surveillance procedure and in analyzing developments in international capital markets. He also participated in negotiations with several member countries—including Brazil, the Philippines and Peru—and served as the Fund's Resident Representative in Chile during the design and implementation of key economic reforms during 1978-80. While still at JPMorganChase, Mr. Lipsky chaired a Financial Sector Review Group, established by former IMF Managing Director Horst Köhler, to provide the Fund with an independent perspective on the Fund's work on international capital markets.

Mr. Lipsky currently is a Senior Fellow of the Foreign Policy Institute of Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies (SAIS) in Washington. SAIS is one of the world’s leading graduate schools devoted to the study of international relations.  Mr. Lipsky also serves as Co-Chair of the Aspen Institute’s Program on the World Economy, is a member of the Executive Committee of the National Bureau of Economic Research’s Board of Directors, of the Advisory Board of the Stanford Institute for Economic Policy Research (SIEPR), of the Center for Global Development’s Board of Directors, and is a Life Member of the Council on Foreign Relations. Mr. Lipsky is a Non-Executive Director of HSBC Holdings, plc. He received a Ph.D. in Economics from Stanford University.

Steve Forbes's Biography

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media, the technology driven global media and branding company. has become one of the world's  most influential websites, with nearly 60 million unique visitors a month.

The company's  flagship publication, Forbes, is the nation's leading business magazine, with a readership of 6.2 million in the U.S.. The company's 38 local editions around the world, including Forbes Asia, together have a circulation of almost 1.2 million.

Mr. Forbes writes editorials for Forbes under the heading of "Fact and Comment." A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.

In both 1996 and 2000, Mr. Forbes campaigned  vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense. Mr. Forbes continues to energetically promote this agenda.

Mr. Forbes' most recent book is Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming the Fed will Restore Hope and Prosperity, co-authored by Elizabeth Ames (McGraw-Hill  Professional).

His other books include Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, co-authored by Elizabeth Ames (McGraw-Hill Professional); Freedom Manifesto: Why Free Markets are Moral and Big Government lsn't, co­ authored by Elizabeth  Ames (Crown Business, August 2012);  How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today's Economy, co-authored by Elizabeth Ames (Crown Business, November 2009); and  Power Ambition Glory: The Stunning Parallels between Great Leaders of the Ancient World and Today ... and the lessons You Can Learn, co-authored by John Prevas (Crown Business, June 2009). He also wrote: Flat Tax Revolution: Using a Postcard to Abolish the IRS (Regnery, 2005); and  A New Birth of Freedom (Regnery, 1999), a book of bold ideas for the new millennium.

In 1985, President Reagan named Mr. Forbes Chairman of the bi-partisan Board for International Broadcasting (BIB). In this position, he oversaw the operations of Radio Free Europe and Radio Liberty. Broadcasting  behind the Iron Curtain, Radio Free Europe and Radio Liberty were praised by Poland's Lech Walesa as being critical to the struggle against communism. Mr. Forbes was reappointed  to his post by President George H. W. Bush and served until 1993.

Mr. Forbes serves on the boards of The Ronald Reagan Presidential Foundation and the Heritage Foundation. He is on the Board of Overseers of the Memorial Sloan-Kettering Cancer Center. He previously served on the Board of Trustees of Princeton University for ten years.

Steve Forbes was born on July 18, 1947, in Morristown, New Jersey.  He received a B.A. in history from Princeton in 1970.