Stephen Miran, a former member of the Federal Reserve Board of Governors, and now a senior strategist at Hudson Bay Capital Management, talks about leaving government and his relationship with President Donald Trump. Miran says he shared his views with Trump about the qualities to look for in a new Fed chairman. Miran speaks on &quot;Bloomberg Surveillance.&quot;<br>See omnystudio.com/listener for privacy information.

Former Fed Govenor Stephen Miran Talks Fed, Relationship with Trump

Bloomberg Talks

[SPEAKER_00] So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employees to integrate technology right into the systems they need. Now, a global workforce of 300,000 can use AI to fill their HR questions, resolving 94% of common questions. Not noise, proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM.

[SPEAKER_03] Bloomberg Audio Studios. Podcasts, radio, news.

[SPEAKER_01] OK, let's talk about the Fed. Recent Fed Governor and White House Economic Advisor Stephen Miran, now a senior strategist at Hudson Bay Capital, arguing policymakers should pay less attention to backward-looking data and potentially more attention to the money supply. He writes, Federal Reserve officials often claim to look at everything. Ironically, in recent years, their data set has excluded measures of monetary growth. Stephen joins us now for more. Stephen, it's good to see you, sir. Morning. Thanks for having me back. Hey, welcome back to the program. I read the note that you and the team put out. Fantastic read.

[SPEAKER_01] And I want to say up front before we start this conversation, because I think some economists listening to this will say, oh, not money supply. Here we go. You say in this note, this report that you've put out, that you're not suggesting we should target monetary supply again, that you think there's information that's worth looking at in money supply. So let's start here. This is something we used to do at the Federal Reserve. You had the quantum of money and the velocity of money.

Former Fed Govenor Stephen Miran Talks Fed, Relationship with Trump

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Former Fed Govenor Stephen Miran Talks Fed, Relationship with Trump

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.