Stephen Miran

Stephen Miran, a member of the Federal Reserve Board, advocates for more aggressive rate cuts, arguing that the current policy is too restrictive. He highlights the weakening labor market and changing demographic trends that are pushing down the neutral interest rate. Miran also discusses how imputed prices may inflate CPI readings and the impact of tariffs on national saving. He emphasizes the limited upside risk of inflation and the need for the Fed to reach neutrality quickly, all while maintaining the importance of central bank independence.

Mike Wilson, Chief Investment Officer at Morgan Stanley, discusses stock valuations and posits a rolling recovery ahead. Federal Reserve Governor Stephen Miran shares insights into Fed policy, warning of risks from private credit. Amanda Lynam from BlackRock highlights the tech sector's debt issuance trends and its effects on the credit market. Nancy Lazar, Chief Economist at Piper Sandler, offers alternative data perspectives, noting improvements in the labor market driven by manufacturing-led hiring and onshoring trends.

Stephen Miran, a member of the Federal Reserve Board of Governors, shares insights on the Fed's outlook for rate cuts and the implications for the U.S. economy. Chris Hyzy, Chief Investment Officer at Bank of America, discusses market reactions to economic and labor data, urging caution with investment portfolios. Ozan Tarman from Deutsche Bank provides a global markets outlook, touching on the interplay between AI, gold, and current risk dynamics. Together, they dissect the risks and opportunities shaping the financial landscape.

Federal Reserve Governor Stephen Miran shares insights into recent monetary decisions, advocating for a 50 basis point rate cut to move towards a neutral policy stance. He discusses the complexities of financial market signals influenced by factors like AI. Miran highlights that tighter conditions in housing and private credit may not reflect equity market optimism. He also emphasizes the challenge of government shutdowns on data reliability, underlining potential risks from private credit distress.

Stephen Miran, a Federal Reserve Governor and economist advocating for rate cuts, shares his insights on the potential recession risks tied to interest rates. He addresses the influence of government shutdowns on inflation data and argues for dovish policy shifts amid cooler inflation trends. Miran emphasizes the importance of dissenting opinions at the Fed to foster diverse discussions. He also critiques the common belief regarding tariffs driving inflation and evaluates potential candidates for future Fed leadership.