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.

Stephen Miran, a Fed Governor with insights into monetary policy, discusses the urgency of moving policy to a neutral rate more quickly. He explains why current conditions warrant faster rate cuts compared to previous years, and how shifts in the neutral rate influence decisions. The podcast also covers Treasury Secretary Scott Bessent's sharp critique of China's trade strategies, while exploring a significant $40 billion AI data center deal among major players like Blackrock and NVIDIA, showcasing the rapid evolution in enterprise AI adoption.

Stephen Miran, a Federal Reserve Governor known for his insights into monetary policy, discusses the current inflation landscape. He emphasizes how a sudden rise in housing costs could shift his inflation outlook. Miran challenges the notion that the neutral rate is zero, detailing how it's evolved this year. He underscores the importance of high-quality data, the impact of consumer prices versus shelter, and the Fed's 2% target amidst varying economic conditions, offering a refreshing perspective on fiscal strategies and policy adjustments.