Fed governor Stephen Miran urges interest rate cuts
Updated
Updated · MarketWatch · May 8
Fed governor Stephen Miran urges interest rate cuts
12 articles · Updated · MarketWatch · May 8
In a Fox Business interview on Friday, he said policy is restraining the labour market and the Fed should look through a recent oil-price spike.
Miran said inflation should be lower in a year and argued there is no evidence of an inflation spiral given current labour-market conditions.
His comments add to divisions among Fed officials over whether weakness in jobs warrants cuts or inflation risks argue for tighter policy, as Kevin Warsh's nomination advances in the Senate.
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