# The Fed Is Losing Its Easing Bias While AI Props Up The Economy | Neil Dutta

Page: https://stenobird.com/podcast/forward-guidance-4502930/the-fed-is-losing-its-easing-bias-while-ai-props-up-the-economy-neil-dutta
Text version: https://stenobird.com/podcast/forward-guidance-4502930/the-fed-is-losing-its-easing-bias-while-ai-props-up-the-economy-neil-dutta.md
Podcast: [Forward Guidance](https://stenobird.com/podcast/forward-guidance-4502930)
Published: 2026-05-13T07:00:00+00:00
Episode link: https://traffic.megaphone.fm/BWG5776556991.mp3
Audio file: https://traffic.megaphone.fm/BWG5776556991.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/forward-guidance-4502930/episodes/the-fed-is-losing-its-easing-bias-while-ai-props-up-the-economy-neil-dutta
Duration seconds: 2921

## Resource

AI is holding up the economy, but the foundation underneath is getting harder to read. Neil Dutta of Renaissance Macro joins Forward Guidance to unpack why inflation, labor, and AI capex are reshaping the Fed’s path. We cover the consumer squeeze, K-shaped spending, manufacturing data, Warsh’s Fed, and supply-shock volatility. Enjoy! TIMESTAMPS: 00:00 Intro 01:54 The Real Inflation Story 06:26 Fed’s Higher Inflation Threshold 08:18 Why Labor Hasn't Broken 12:04 How To Read Supply Shocks 14:58 The Consumer Strength Illusion 19:20 The K-Shaped Consumer Debate 22:30 The AI Capex Macro Risk 26:03 Inside Trade & Manufacturing Data 29:18 Is Manufacturing Really Booming? 36:43 Warsh Faces An Impossible Fed 45:41 Fed Volatility Vs White House Policy 48:14 Final Thoughts FOLLOW NEIL DUTTA › X/Twitter – https://x.com/RenMacLLC FOLLOW THE SHOW › Forward. Guidance– https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/forward-guidance-4502930/episodes/the-fed-is-losing-its-easing-bias-while-ai-props-up-the-economy-neil-dutta/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/forward-guidance-4502930/the-fed-is-losing-its-easing-bias-while-ai-props-up-the-economy-neil-dutta.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.