# Macro Matters: MetLife’s Matus on Fed Policy, AI and Markets

Page: https://stenobird.com/podcast/ficc-focus-4513680/macro-matters-metlife-s-matus-on-fed-policy-ai-and-markets
Text version: https://stenobird.com/podcast/ficc-focus-4513680/macro-matters-metlife-s-matus-on-fed-policy-ai-and-markets.md
Podcast: [FICC Focus](https://stenobird.com/podcast/ficc-focus-4513680)
Published: 2026-08-27T17:17:00+00:00
Episode link: https://traffic.megaphone.fm/BLM1039838488.mp3
Audio file: https://traffic.megaphone.fm/BLM1039838488.mp3
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Duration seconds: 1535

## Resource

With US growth holding up and inflation still running above target, investors are weighing whether the Federal Reserve needs to tighten policy further or can afford to stay on hold. Drew Matus, chief market strategist at MetLife Investment Management, joins Bloomberg Intelligence chief US interest-rate strategist Ira Jersey to discuss this and more on this Macro Matters edition of the FICC Focus podcast. Matus argues that rate hikes would do little to address the forces currently supporting inflation while risking unnecessary damage to the broader economy, and explains why he expects the Fed to remain on hold. The two also discuss how the AI investment boom and household wealth effects are supporting US growth, why Matus sees AI as a potential source of job creation and productivity gains, and where those benefits could create opportunities across emerging markets and Japan. They also examine global fixed-income valuations, geopolitical and oil-market risks and why clearer rules governing the relationship between the Treasury and Fed — including the composition and size of the central bank’s balance sheet — could ultimately reduce uncertainty for markets. The Macro Matters podcast is part of BI’s FICC Focus series.

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## Transcript

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