Stephen Miran

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 from his first Federal Open Market Committee meeting and discusses the falling neutral rate due to changing fiscal policies and immigration trends. He advocates for proactive rate cuts to mitigate employment risks, emphasizing that waiting for a crisis is not advisable. Miran also highlights how financial markets reflect non-monetary factors, citing housing as an example of tight conditions. His perspective on the link between immigration changes and shelter inflation offers a fresh take on economic policy.