Fed Governor Miran on Why Inflation Fears Are Overstated
About this episode
Federal Reserve Governor Stephen Miran discusses why he believes inflation fears are overstated and the implications for economic policy.
Policy may be reacting to the wrong signals, as powerful structural forces quietly reshape inflation and the economy beneath the surface. In this episode live from the Digital Asset Summit, we sit down with Federal Reserve Governor Stephen Miran to unpack his recent dissent and why he believes inflation risks are overstated while the labor market deserves more support. We explore oil shocks vs policy lags, AI and deregulation as disinflationary forces, shifts in the neutral rate, and how stablecoins could reshape global dollar demand. Enjoy! TIMESTAMPS: 00:00 Intro 02:11 Why Miran Dissented 04:51 Looking Through Oil Shocks 06:36 AI And Deregulation Disinflate 10:04 The Case For Neutral 12:30 What Sets Neutral Rates 16:12 Ads (Arkham, Blockworks IR) 17:50 Where "Running It Hot" Narrative Fails 25:02 Skinny Master Accounts 27:02 Stablecoins And Dollar Demand 30:51 Tokenized Deposits Or Stablecoins FOLLOW GUEST › Federal Reserve – https://x.com/federalreserve FOLLOW THE SHOW › Felix – https://x.com/fejau_inc › Forward Guidance – https://x.com/ForwardGuidance › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks SPONSORS › ARKHAM Arkham is a crypto…
Sponsors
Arkham
More episodes of Forward Guidance
- The Fed Is Irrelevant While CapEx Runs The Economy | Weekly Roundup
- Markets Are Misreading A Late Cycle Liquidity Crunch | Michael Howell
- Market Structure is Fueling an Inflation Trap | Weekly Roundup
- How the World’s Biggest Macro Hedge Funds Are Using AI | Jan Szilagyi
- Markets Are Trapped Between Geopolitical Chaos and AI Productivity Boom | Weekly Roundup
- The Iran War is Accelerating the End of Globalism | Jacob Shapiro
Explore listener stats, chart rankings, contacts and more on the Forward Guidance podcast page.