Stephen Miran

But at the same time, we're tied with one of the lowest levels going back to the 1960s, following a string of other employment data that's come out stronger than expected, whether it's ADP, whether it's ISM services, whether it's JOLTS data coming in with quits rising to the highest pace going back to to spring.

It just raises a question about what Mark Cabana was talking about AMH, which is, are we seeing a reacceleration of the U.S. economy? Former Fed Governor Stephen Miran joining us now for more.

Thank you so much for being with us.

Great to see you.

Both France and the UK are likely candidates for this.

In the case of the US, former Governor Miran has proposed the Mar-a-Lago Accord, which would both restructure a significant amount of US debt and devalue the dollar.

However, history has shown that such efforts are extraordinarily perilous and result in major financial and economic distress.

For starters, the US would then only be able to borrow under onerous terms.

It's interesting timing on all of this because what did Trump just say recently about inflation? That it's, it will help get rid of the debt.

And then you add in Stephen Miran, who is the architect of Trump's economic strategy.

He's now with the Fed, the Mar-a-Lago Accord.

He argues the dollar's reserve status has made it too strong, hurting American manufacturing.

What's driving inflation and how sticky do we think that those drivers of inflation are going to be?

It's a really interesting time to talk to Stephen Miran, who was previously the chair of the Council of Economic Advisers and on the Federal Reserve Board of Governors.

And if it were him, he says he would have done it differently when it comes to the interest rate strategy in the U.S. right now.

You know, it's pretty clear that hiking to keep the long end down, you know, I don't feel that as a successful enterprise.