Fed Signaling, Growth, AI, and Neutral Rates

In today’s Macro Minute, Darius breaks down Fed Governor Stephen Miran’s pivotal speech at the Economic Club of New York and what it means for Paradigm C. Miran reframed his dovish outlook as grounded in economic theory, signaling a gradual structural regime change at the Fed. We discuss why this evolution supports risk assets, what the bond market’s reaction tells us, and how the KISS portfolio remains positioned to outperform as financial repression deepens.