Ep. 320: Dominique Dwor-Frecaut on Weak US Growth, Fed Independence and AI Impact

Dominique Dwor-Frecaut is the Chief US economist and macro strategist for Macro Hive and is based in Los Angeles. Before that, she worked at various hedge funds including Bridgewater. Prior to the buy side, she worked at the New York Fed, IMF, and the World Bank. She holds a PhD in economics from the London School of Economics. This episode covers: 

•  Labour’s declining share of income; economic stagnation  
• Pro-business forces winning against antitrust 
• Less immigration reducing supply and economic demand simultaneously 
• Policy uncertainty sees consumers reduce spending 
• Lack of AI productivity gains 
• Fed will remain independent despite political pressure 
• Trump administration may resort to stimulus measures in 2026 
• Legal challenges to tariff policy 
• AI boom is not creating jobs 
• Food and goods price inflation reflects structural changes beyond monetary policy control 
• Could we see a fiscal crisis? 
• Global deficit spending and AI investment creating competition for capital 

 You can follow Dominique here. 

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