The Fed Is Wrong About AI and the Economy w/ PDS

In this episode of Milk Road Macro, we dive into the Fed’s next big move — and why most of the Board of Governors are flying blind on the biggest tech shift in a generation. Former Soros family office macro chief PDS joins to unpack how Trump’s trade and immigration policies are clouding the Fed’s view, why AI could be a major deflationary force, and how ignoring it may lead to policy missteps. We break down what the FOMC is focused on (and what they’re missing), how AI is transforming the labor market in real time, and why the real risk might be not cutting rates fast enough.~~~~~📈 Get no trading fees for your first $25K in trading volume on Definitive:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://out.milkroad.com/Definitive2025Podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a sat:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://out.milkroad.com/Ledn2025Podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠~~~~~🌍 Macro moves markets, get ahead of the game with Milk Road Macro Newsletter:https://milkroadmacro.beehiiv.com/🥛 Get smarter about crypto in 5 minutes with our daily, free newsletter:https://milkroad.com/subscribe/join-mr/?utm_medium=audio&utm_source=podcast_organic&utm_campaign=sign-up-free&utm_content=july_29_25💰 Go PRO and become a better investor with the #1 crypto research and analysis:https://milkroad.com/offer/sign-up-for-pro/?utm_medium=audio&utm_source=podcast_organic&utm_campaign=sign-up-pro&utm_content=july_29_25💸 Get your FREE GUIDE on how to build a pain-free crypto portfolio in 2025:https://link.milkroad.com/free_guide_yt~~~~~✊ Follow Milk Road on Social Media:👉 Milk Road Twitter: https://link.milkroad.com/X👉 Spotify: https://link.milkroad.com/spotify👉 Apple Podcasts: https://link.milkroad.com/apple-podcast~~~~~🎙 GUEST INFO 🎙PDS: https://x.com/TopadoDuran📃 Disclaimer 📃The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.