Advertise on podcast: Economic Club of Minnesota

The Economic Club of Minnesota opened its season with a standout guest: Dr. Gianrico Farrugia, President and CEO of Mayo Clinic. Dr. Farrugia made Mayo's impact on our state hard to ignore. Mayo Clinic is Minnesota's top employer and has trained and retained 66% of the physicians practicing in Rochester. Dr. Farrugia's message was clear: excellence in care and economic strength for Minnesota are one story, not two. How big is Mayo's economic footprint? Bigger than you might guess, and larger than the entire Minnesota tourism industry. He also shared how Mayo is putting AI to work, turning a 30-minute lab process into a matter of seconds.

George Mason University economist Don Boudreaux took the stage at the Economic Club of Minnesota on May 11, 2026, as a myth-buster with a simple but powerful challenge: compared to what? In his presentation on Trump's second-term tariffs, Boudreaux cut through the political noise by stacking 2025's economic performance against hard benchmarks, including 2024 and Trump's own first term in 2017. The numbers told a sobering story. Nonfarm employment grew at just 0.5% in 2025 versus 1.6% in 2017, manufacturing employment actually declined, unemployment rose, and all three major stock indices trailed their 2017 post-election performance.  Boudreaux also shed light on a broader truth that rarely makes headlines: by historical standards, American households are dramatically better off than they were decades ago, with real net worth 80% higher than in 2001 and more than double what it was in 1994. His message was clear and grounded in evidence rather than ideology. Whether tariffs get credit or blame, the facts demand more than talking points. For an audience of Minnesota business leaders, policymakers, and students, Boudreaux delivered exactly what the Economic Club is known for: a speaker who moves the conversation well beyond the soundbites.

Against a backdrop of surging tariffs, fracturing alliances, and rising protectionist sentiment on both sides of the Atlantic and the Pacific, the Economic Club of Minnesota gathered to celebrate someone who has spent her entire career swimming against that current. Dr. Mari Elka Pangestu, economist, former cabinet minister, World Bank managing director, and now Indonesia's Special Envoy for International Trade and Multilateral Cooperation, received the Bill Frenzel Champion of Free Trade Award. The honor could not have come at a sharper moment. As Minnesota companies navigate the whiplash of new U.S. tariffs and retaliatory measures reshaping global supply chains, Pangestu offered something rarer than policy prescriptions: a long view, anchored in decades of experience navigating trade negotiations from Jakarta to Geneva to Washington.

On March 30, the Economic Club of Minnesota hosted "The Geopolitical Power of Agriculture," bringing together CHS President & CEO Jay Debertin and CoBank CEO Tom Halverson for a candid conversation about the pressures facing American farmers. The verdict was sobering: row crop producers, particularly soybean and corn growers here in the Midwest, are caught in a perfect storm of depressed commodity prices, trade-driven uncertainty, and surging competition from Brazil. As the Minnesota Star Tribune reported, Halverson noted that the Midwest is the "epicenter" of struggles for row crops, while farmers raising livestock are faring comparatively well.  Adding urgency to the discussion was the ongoing conflict in the Middle East, which both leaders warned could structurally reshape global ag markets. "There's not a producer in agriculture around the world that won't be impacted," Debertin said of the continuing conflict.  Halverson cautioned that any short-term price bump from the disruption shouldn't be mistaken for stability, and that reopening key shipping routes won't happen overnight. Still, both leaders remained measured in their outlook. "We've had low commodity prices before. We've had high commodity prices before. Those are the cycles of agriculture," Debertin said — a reminder that while the headwinds are real, Minnesota's farmers and agribusinesses have weathered hard seasons before.

The Economic Club of Minnesota welcomed retired General Paul Nakasone, former head of U.S. Cyber Command and the National Security Agency, for a conversation that was equal parts sobering and inspiring. Nakasone opened with a stark reality check: unlike physical borders that can be patrolled and defended, cyberspace offers no natural boundaries. There are no oceans, no walls, no checkpoints standing between America's critical systems and those who wish to disrupt them. The threat is constant, it is evolving, and it arrives without warning. So, what separates the United States from its adversaries in this invisible battleground? According to Nakasone, the answer isn't hardware or budget, it's people. Talent is the decisive advantage. The nations that invest in developing skilled, thoughtful, principled individuals will be the ones that prevail in the conflicts of the 21st century. That leads to perhaps the most grounding message of his remarks: national security begins at home, and it begins with the individual. Security isn't just a government function or a Pentagon priority, it's a shared responsibility that starts with each of us, in our communities, our organizations, and our daily choices. For young people entering the workforce, Nakasone's prescription was refreshingly timeless. Three things matter above all else: the ability to think critically, the ability to communicate clearly, and good character. In an era dazzled by technical credentials and AI-powered tools, a general who spent decades at the intersection of intelligence and technology made the case that these enduring human qualities remain the foundation of everything. It was a powerful reminder that the most sophisticated cyber defense in the world still runs on people and that building those people starts now.

We were delighted to welcome U.S. Secretary of the Treasury Scott Bessent to the Economic Club of Minnesota on January 8, 2026, for an engaging and timely conversation that drew more than 325 attendees from across the Twin Cities business and civic community. Secretary Bessent shared thoughtful insights on the state of the U.S. economy and the Treasury Department's priorities, touching on topics such as economic growth, fiscal responsibility, financial market stability, and expanding opportunity for Americans nationwide.  In the discussion with moderator Michelle Caruso-Cabrera, he highlighted the importance of collaboration between the public and private sectors and reflected on how local and national leadership can work together to strengthen long-term economic resilience. The robust turnout and lively Q&A underscored our members' strong interest in economic policy and leadership, making the event a memorable and energizing gathering that advanced the Club's mission of fostering informed, civil dialogue on issues that matter most to our economy and communities.

On November 17, 2025, the Economic Club of Minnesota hosted a captivating fireside chat between Ecolab CEO Christophe Beck and Federal Reserve Bank of Minneapolis President Neel Kashkari, drawing a packed house of business leaders, policymakers, and curious Minnesotans eager for a pulse on the state's—and the nation's—economic trajectory. As head of Ecolab, a St. Paul-based global giant in water, hygiene, and infection prevention solutions, Beck brought a practitioner's lens to the discussion, sharing how the company is viewing and engaging with AI to improve Ecolab's performance. Christophe also discussed the deep commitment Ecolab has in the state and in the local economy and well-being of Ecolab's neighbors. Just that morning, at a separate event, Christophe and the Ecolab Foundation announced a collaborative investment to increase safe, stable, and affordable housing.  Christophe Beck believes in "growing the pie"  rather than taking the existing pie and trying to share more. Beck is an inspirational and energetic force.

On October 9, 2025, Federal Reserve Governor Michael S. Barr took the stage at the Economic Club of Minnesota's luncheon, to discuss the U.S. economy amid rising inflation and policy challenges. In his speech, "The Economic Outlook and Monetary Policy," Barr highlighted how recent tariffs have driven inflation up, with the PCE index hitting 2.7% in August and core PCE nearing 3%. These pressures, he warned, could push inflation above 3% by year-end, complicating the Fed's 2% target. Barr gave a personal nod to his Minnesota roots by sharing that his grandmother's family ran a clothing store in Eveleth during the 1906 iron ore boom.  In a candid Q&A with Minneapolis Fed President Neel Kashkari, Barr addressed the Fed's delicate balancing act between curbing inflation and supporting a softening labor market. With unemployment creeping up and consumer spending showing a split between robust high-income households and struggling lower-wage workers, he urged caution on further rate cuts after September's 25-basis-point reduction. The looming threat of a government shutdown added to the uncertainty, though Barr noted its economic impact remains unclear. Governor Barr was especially engaged with the students in the audience and discussed his journey and important mentors he relied on to advance in his career.

The Economic Club of Minnesota (ECOM) wasted no time diving into the pressing economic conversations that shape our global landscape. On Thursday, September 25, 2025, the Club launched its 2025-2026 season with "Trade and Tariff Tales," a timely forum that unraveled the complexities of international trade policies amid a backdrop of escalating U.S.-China tensions, supply chain disruptions, and the ever-present shadow of protectionism. The event drew a crowd of over 200 business leaders, policymakers, young professionals, and students, eager to dissect how tariffs aren't just headlines but real forces rippling through Minnesota's economy from manufacturing floors to farm fields. Entrepreneur, Beth Benike, of Busy Baby, kicked off the luncheon event by telling the story of her journey as inventor and business owner, and how she is navigating the tariffs. Drawing on ECOM's storied legacy of non-partisan discourse, "Trade and Tariff Tales" featured a powerhouse lineup of panelists from valuable U.S. trading partners who blended storytelling with hard data. Sri Zaheer, Dean Emerita of the Carlson School at the University of Minnesota moderated the discussion with Consuls General Beth Richardson, Canada, Richard Hyde, U.K., and Alejandra Bologna, Mexico

On May 20, 2025, St. Louis Federal Reserve President Alberto Musalem delivered a compelling speech titled "Economic Conditions and Monetary Policy" at the Economic Club of Minnesota in Minneapolis. Addressing a diverse audience of business leaders, policymakers, and community members, Musalem shared his insights on the U.S. economic outlook and the implications for monetary policy. His visit included a moderated Q&A session, fostering engaging discussions on pressing economic issues.  Musalem highlighted the resilience of the U.S. economy, noting a strong labor market and supportive financial conditions despite recent tightening in some sectors. He cautioned that higher tariffs could exert inflationary pressure in the near term while potentially dampening economic activity. Emphasizing the Federal Reserve's commitment to price stability, he suggested that the current modestly restrictive monetary policy remains appropriate, especially if trade tensions de-escalate, allowing inflation to align with the Fed's 2% target. However, he warned that persistent inflation could necessitate prioritizing price stability over other goals if public expectations shift.

On April 10, 2025, the Economic Club of Minnesota hosted Professor Exequiel "Zeke" Hernandez from The Wharton School for a compelling discussion on the economic impact of immigration. Known for his extensive research on global networks and the movement of people, ideas, and businesses, Professor Hernandez provided valuable insights into how immigration influences economic prosperity.  For those interested in exploring Professor Hernandez's work further, his book, The Truth About Immigration, delves deeper into the topics discussed and offers a comprehensive look at how immigration shapes economic and social systems.

Sheletta Brundidge, an award-winning media personality, author, and autism advocate, is making waves in the conversation about neurodiversity in the workplace. Her recent podcast episode on autism workers is an eye-opener for businesses, parents, and individuals on the spectrum, highlighting the need for inclusion and support. Championing Autism Awareness in the Workplace Brundidge, a mother of three autistic children, knows firsthand the challenges and triumphs that come with navigating a neurodiverse world. In her podcast, she explores the unique strengths that autistic employees bring to the workforce—sharp focus, attention to detail, and innovative problem-solving skills. However, she also sheds light on the barriers that often prevent them from thriving in traditional work environments. Breaking Stereotypes and Building Opportunities One of the most powerful aspects of Brundidge's podcast is its ability to challenge misconceptions. Too often, autistic individuals are overlooked for jobs due to outdated stereotypes. But as Brundidge points out, many companies, especially in tech, finance, and creative industries—are discovering the immense value of hiring neurodiverse employees. A Call to Action for Employers Brundidge doesn't just talk about problems—she offers solutions. She encourages businesses to rethink their hiring practices, offer training on neurodiversity, and how to foster an inclusive culture. The message is clear: when autistic workers are given the right support, they don't just succeed, they excel. Why You Should Listen Whether you're an employer looking to build a more inclusive team, an autistic individual seeking workplace advice, or an advocate for neurodiversity, this podcast is a must-listen. Brundidge's candid, insightful discussion makes it clear that hiring autistic workers isn't just the right thing to do—it's a smart business move.

The Economic Club of Minnesota celebrated the annual Bill Frenzel Champion of Free Trade Award event on March 12, 2025. Devry Boughner Vorwerk, chair of the award advisory committee, presented the award to the Honorable Kevin Brady, former congressman and former Chairman of the Joint Ways and Means Committee. Chairman Brady was chosen based on his dedication and consistent advocacy and leadership in advancing policies that promote free trade and economic growth. The audience was fortunate to hear perspectives on trade agreements, tax, and tariffs during a fireside chat between Chairman Brady and the Honorable Erik Paulsen, former congressman from Minnesota. Some key quotes were, "America first does not mean America alone, and America needs to get back on the trade field." Chairman Brady's comments were very timely!

The Economic Club of Minnesota kicked off the second half of the 2024-2025 season on Wednesday, February 26th. The audience was treated to a riveting conversation between Brian Sikes, Chairman, President and CEO of Cargill and Sri Zaheer, Dean Emerita, Carlson School of Management. Brian offered some wonderful advice to students and young professionals in attendance. "Do your job really, really, well, there are no shortcuts, there are no magic pills that you can take, treat people really, really well, and just say yes." In addition to advice, Mr. Sikes discussed some topics that are top of mind, free trade and tariffs. Everyone in attendance was grateful to be present for this event!

On December 18, 2024, Major Garrett, Chief Political Correspondent, CBS News, returned to the stage at the Economic Club of Minnesota. Major provided the audience with an interesting historical perspective by comparing two non-consecutive seated Presidents, Grover Cleveland and Donald Trump. While President Grover Cleveland's term was during the Gilded Age, President Trump's terms are both happening during the Digital Age. Both are animated by massive economic shocks and high expectations, both internally and externally. Major has vast experience and knowledge from covering 5 presidents in his career. He concluded his remarks, leaving the audience with this thought, "History tells us, sometimes it works, sometimes it doesn't. One thing we know, the Gilded Age and the Digital Age have a lot to tell us about where we're headed." The Honorable Tim Penny moderated Q & A with Major. Tim posed a few questions about Major's books, the recent presidential election, the transition, and the change in candidates from Biden to Harris. Major addressed some poignant questions from the audience. It's worth taking the time to listen to or watch the recording of this event!