In this month's Rich Pickings we turn our attention to central banks. As the US Federal Reserve issues its third rate cut since July, we ask how effective is monetary policy really - both in developed and emerging markets? What other tools do governments have at their disposal to guard against recession? And what does it all mean for investors? We also hear details on October's asset allocation - how and why has the House View changed.

Richard Edgar, Editor in Chief, talks to Portfolio Managers Matt Siddle and Paul Greer, and to Senior Sovereign Analyst Andressa Tezine. With additional contributions from Lead Cross-Asset Strategist Wen-Wen Lindroth.

**If you enjoy Rich Pickings then why not try our sister podcast, Fidelity Answers, where we hear from the experts on a range of topics affecting markets, global economics, and the world of investing.**

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