🔈🇺🇸Fed’s Miran: The Fed should cut a percentage point this year.

🔴Banks are overregulated and that harms credit creation, a big supporter of Bowman's agenda. Have not seen anything worrisome yet in private credit despite some "bumps".

🔴Labor market data has been quite a bit better but it is too early to sound an all clear.

🔴Do not think the US has an inflation problem now. AI will be "profoundly disinflationary".

🔴Prices right now seem stable.

🔴On food prices, notes that you can always find outliers.

🔴The Fed should cut a percentage point this year, in four quarter point cuts that come sooner than later.

🔴Do not know why AI along with destroying jobs would not also create new jobs.”

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