Fed Governor Miran says banks are over regulated, harming credit creation; he is a big supporter of Bowman's agenda
Importance
Level 1
- Not seen anything worrisome yet in private credit despite some bumps. It is not yet worrying from a macro perspective.
- Labour market data has been a bit better, but it is still too early to sound the all clear.
- Does not think the US has an inflation problem at the moment.
- Prices seem stable.
- Monetary policy could offset the impact of credit card gaps.
- AI will be profoundly dis-inflationary.
- Food prices can always see outliers.
- Reiterates Fed should cut by 100bps this year, four cuts are appropriate, sooner rather than later.
#UNITED STATES#USD#JAPAN#UNITED KINGDOM#GOVERNOR#IMPORTANT#FOREX#FIXED INCOME#EU SESSION#US SESSION#FEDERAL RESERVE#CENTRAL BANK#INFLATION#MONETARY POLICY#BANKS#BANKS (GROUP)#DXY#AI